199,654 Shares in Kimberly-Clark Co. (NYSE:KMB) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 199,654 shares of the company’s stock, valued at approximately $26,163,000.

Several other institutional investors also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark in the 4th quarter valued at about $33,000. Finally, Roxbury Financial LLC purchased a new position in Kimberly-Clark in the 4th quarter valued at about $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.0 %

Shares of NYSE KMB opened at $143.07 on Thursday. The company has a market capitalization of $47.45 billion, a P/E ratio of 18.95, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a 50 day simple moving average of $137.10 and a 200-day simple moving average of $135.97. Kimberly-Clark Co. has a 1 year low of $123.84 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) 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%. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a $1.26 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.52%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. This represents a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on KMB shares. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Citigroup dropped their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, UBS Group raised their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $144.85.

About Kimberly-Clark

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.