Permanent Capital Management LP Has $837,000 Stock Position in Kimberly-Clark Corporation $KMB

Permanent Capital Management LP increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 172.8% in the 4th quarter, Holdings Channel reports. The fund owned 8,187 shares of the company’s stock after purchasing an additional 5,186 shares during the period. Permanent Capital Management LP’s holdings in Kimberly-Clark were worth $837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $25,000. True Wealth Design LLC boosted its holdings in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC grew its position in Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Investors Research Corp acquired a new position in Kimberly-Clark in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the SEC, which is available through this link. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a research report on Monday, December 1st. UBS Group boosted their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Piper Sandler dropped their price target 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. Citigroup reduced their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Finally, TD Cowen lowered their target price on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $116.42.

Kimberly-Clark Stock Down 0.3%

Kimberly-Clark stock opened at $98.25 on Friday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $147.12. The firm has a fifty day moving average price of $103.45 and a two-hundred day moving average price of $109.06. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 3.49 and a beta of 0.24.

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

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $1.28 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. Kimberly-Clark’s payout ratio is 84.35%.

Kimberly-Clark Company Profile

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.