denkapparat Operations GmbH Buys Shares of 3,928 Kimberly-Clark Co. (NYSE:KMB)

denkapparat Operations GmbH acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,928 shares of the company’s stock, valued at approximately $515,000.

Several other hedge funds also recently bought and sold shares of KMB. FMR LLC increased its holdings in shares of Kimberly-Clark by 3.2% in the third quarter. FMR LLC now owns 572,463 shares of the company’s stock worth $81,450,000 after purchasing an additional 17,919 shares during the period. Brooklyn Investment Group bought a new position in Kimberly-Clark in the 3rd quarter worth about $120,000. Avestar Capital LLC raised its holdings in shares of Kimberly-Clark by 5.1% in the 3rd quarter. Avestar Capital LLC now owns 1,953 shares of the company’s stock valued at $278,000 after acquiring an additional 95 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of Kimberly-Clark by 9.5% during the 3rd quarter. Townsquare Capital LLC now owns 47,484 shares of the company’s stock valued at $6,756,000 after acquiring an additional 4,110 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Kimberly-Clark by 32.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 63,517 shares of the company’s stock valued at $9,037,000 after acquiring an additional 15,693 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Barclays lifted their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup reduced their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. TD Cowen lowered 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. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.50.

Kimberly-Clark Stock Performance

KMB stock opened at $140.55 on Friday. The stock has a market capitalization of $46.61 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The stock’s 50 day simple moving average is $135.86 and its 200 day simple moving average is $136.09. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month 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.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting 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, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share 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. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.59%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark 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.