Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,632 shares of the company’s stock after acquiring an additional 457 shares during the quarter. Private Advisor Group LLC’s holdings in Kimberly-Clark were worth $4,931,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KMB. International Assets Investment Management LLC lifted its holdings in shares of Kimberly-Clark by 13,351.7% in the 3rd quarter. International Assets Investment Management LLC now owns 311,273 shares of the company’s stock worth $44,288,000 after purchasing an additional 308,959 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Kimberly-Clark by 241.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 38,613 shares of the company’s stock worth $5,494,000 after purchasing an additional 27,307 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of Kimberly-Clark by 7.5% in the 3rd quarter. Dakota Wealth Management now owns 22,746 shares of the company’s stock worth $3,237,000 after purchasing an additional 1,578 shares during the last quarter. Busey Bank lifted its holdings in shares of Kimberly-Clark by 9.5% in the 3rd quarter. Busey Bank now owns 5,313 shares of the company’s stock worth $756,000 after purchasing an additional 463 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Kimberly-Clark by 12.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 240,515 shares of the company’s stock worth $34,283,000 after purchasing an additional 26,795 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.9 %

KMB opened at $140.28 on Friday. Kimberly-Clark Co. has a one year low of $118.62 and a one year high of $149.30. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock’s fifty day moving average is $130.37 and its 200-day moving average is $136.50. The company has a market capitalization of $46.53 billion, a PE ratio of 18.58, a P/E/G ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 64.64%.

Wall Street Analyst Weigh In

KMB has been the topic of several recent research reports. Barclays cut their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. 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 research note on Wednesday, January 29th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.64.

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.