one8zero8 LLC Invests $1.03 Million in Kimberly-Clark Co. (NYSE:KMB)

one8zero8 LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB) 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 (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting 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, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

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.

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.