PUREfi Wealth LLC Makes New $306,000 Investment in Kimberly-Clark Co. (NYSE:KMB)

PUREfi Wealth LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,338 shares of the company's stock, valued at approximately $306,000.

Several other institutional investors have also modified their holdings of the stock. State Street Corp raised its holdings in Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after buying an additional 1,083,824 shares during the period. Charles Schwab Investment Management Inc. increased its position in Kimberly-Clark by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company's stock valued at $1,431,443,000 after acquiring an additional 358,926 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kimberly-Clark by 2.8% in the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock valued at $1,092,388,000 after acquiring an additional 206,671 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock worth $358,625,000 after acquiring an additional 464,615 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kimberly-Clark by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company's stock worth $385,900,000 after purchasing an additional 20,953 shares during the period. 76.29% of the stock is owned by institutional investors.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Up 1.6 %

NYSE KMB traded up $2.21 during midday trading on Wednesday, hitting $137.85. 1,845,174 shares of the company traded hands, compared to its average volume of 2,166,302. The company has a market cap of $45.72 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 4.25 and a beta of 0.41. 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 52 week low of $118.62 and a 52 week high of $149.30. The company's 50-day simple moving average is $129.89 and its 200-day simple moving average is $136.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is 64.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KMB shares. TD Cowen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Barclays dropped their price objective on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. 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. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $143.64.

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.