one8zero8 LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,844 shares of the company’s stock, valued at approximately $1,028,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Choate Investment Advisors raised its position in shares of Kimberly-Clark by 233.7% during the 4th quarter. Choate Investment Advisors now owns 5,360 shares of the company’s stock worth $702,000 after acquiring an additional 3,754 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Kimberly-Clark by 26.3% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,379 shares of the company’s stock worth $443,000 after acquiring an additional 703 shares in the last quarter. Van Strum & Towne Inc. increased its position in Kimberly-Clark by 11.1% during the fourth quarter. Van Strum & Towne Inc. now owns 3,000 shares of the company’s stock worth $393,000 after buying an additional 300 shares during the period. Greatmark Investment Partners Inc. increased its position in Kimberly-Clark by 38.5% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,433 shares of the company’s stock worth $450,000 after buying an additional 955 shares during the period. Finally, IAG Wealth Partners LLC increased its position in Kimberly-Clark by 182.8% during the fourth quarter. IAG Wealth Partners LLC now owns 560 shares of the company’s stock worth $73,000 after buying an additional 362 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.
Kimberly-Clark Stock Down 0.2 %
Kimberly-Clark stock opened at $139.79 on Friday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $150.45. The company has a market cap of $46.36 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The stock’s 50 day moving average price is $133.53 and its 200 day moving average price is $136.45.
Kimberly-Clark Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 66.75%.
Analyst Ratings Changes
KMB has been the topic of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. 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 research report on Friday, January 17th. UBS Group lifted 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. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $143.64.
Read Our Latest Stock Report on KMB
Insider Buying and Selling at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company’s 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 sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.
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.
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