Signature Wealth Management Group Has $4.13 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Signature Wealth Management Group increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,510 shares of the company’s stock after buying an additional 672 shares during the quarter. Kimberly-Clark comprises approximately 1.7% of Signature Wealth Management Group’s investment portfolio, making the stock its 21st biggest position. Signature Wealth Management Group’s holdings in Kimberly-Clark were worth $4,129,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC grew its position in Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after buying an additional 6,016 shares in the last quarter. Pensionfund Sabic boosted its holdings in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Barclays PLC boosted its holdings in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC boosted its holdings in shares of Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock valued at $366,000 after purchasing an additional 466 shares in the last quarter. Finally, West Oak Capital LLC boosted its holdings in shares of Kimberly-Clark by 20,377.6% in the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock valued at $4,428,000 after purchasing an additional 33,623 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $139.79 on Friday. The stock has a 50-day moving average price of $133.53 and a 200-day moving average price of $136.45. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market cap of $46.36 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research note on Wednesday, January 8th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $143.64.

Insider Activity

In other news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.