Three Seasons Wealth LLC Acquires New Holdings in Kimberly-Clark Corporation $KMB

Three Seasons Wealth LLC bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 4th quarter, HoldingsChannel reports. The fund bought 5,189 shares of the company’s stock, valued at approximately $530,000.

A number of other institutional investors have also made changes to their positions in KMB. Assenagon Asset Management S.A. raised its holdings in shares of Kimberly-Clark by 186.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock valued at $5,408,000 after buying an additional 28,335 shares during the period. Nordea Investment Management AB boosted its holdings in Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock valued at $301,448,000 after acquiring an additional 58,978 shares during the period. Synergy Asset Management LLC grew its position in Kimberly-Clark by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock valued at $4,932,000 after acquiring an additional 19,130 shares in the last quarter. Hudson Bay Capital Management LP grew its position in Kimberly-Clark by 5,751.6% in the 2nd quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock valued at $12,146,000 after acquiring an additional 92,601 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Kimberly-Clark by 3.7% during the third quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock worth $49,690,000 after purchasing an additional 14,386 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KMB shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday. Piper Sandler cut their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a research report on Tuesday, February 17th. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $115.85.

Kimberly-Clark Trading Up 0.1%

NASDAQ:KMB opened at $96.47 on Wednesday. Kimberly-Clark Corporation has a 1 year low of $94.54 and a 1 year high of $147.12. The stock has a market cap of $32.02 billion, a P/E ratio of 15.89, a P/E/G ratio of 3.43 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock has a 50-day simple moving average of $103.27 and a 200-day simple moving average of $107.40.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a yield of 5.3%. Kimberly-Clark’s dividend payout ratio is 84.35%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.