Money Concepts Capital Corp Buys 3,190 Shares of Kimberly-Clark Co. (NYSE:KMB)

Money Concepts Capital Corp lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,059 shares of the company’s stock after acquiring an additional 3,190 shares during the quarter. Money Concepts Capital Corp’s holdings in Kimberly-Clark were worth $6,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Confluence Wealth Services Inc. boosted its stake in shares of Kimberly-Clark by 5.1% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after acquiring an additional 80 shares during the last quarter. Lion Street Advisors LLC boosted its stake in Kimberly-Clark by 12.7% in the 4th quarter. Lion Street Advisors LLC now owns 7,623 shares of the company’s stock worth $999,000 after purchasing an additional 857 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Kimberly-Clark by 16.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 279,044 shares of the company’s stock valued at $36,776,000 after buying an additional 38,529 shares during the last quarter. Groesbeck Investment Management Corp NJ bought a new stake in Kimberly-Clark in the 4th quarter valued at $638,000. Finally, Hager Investment Management Services LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $338,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on KMB. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. UBS Group raised their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Finally, StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Down 0.9 %

Kimberly-Clark stock opened at $129.29 on Wednesday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The business has a fifty day moving average price of $131.03 and a 200-day moving average price of $137.06. 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 stock has a market capitalization of $43.11 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 4.16 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results 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%. Equities research analysts forecast that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 64.64%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

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.