Abacus FCF Advisors LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 70.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,967 shares of the company's stock after acquiring an additional 20,320 shares during the quarter. Abacus FCF Advisors LLC's holdings in Kimberly-Clark were worth $6,417,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark during the fourth quarter worth $25,000. Marshall Investment Management LLC acquired a new position in Kimberly-Clark during the 4th quarter worth about $25,000. Golden State Wealth Management LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $32,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at about $33,000. Finally, Roxbury Financial LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 76.29% of the company's stock.
Insiders Place Their Bets
In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on KMB shares. Piper Sandler restated an "overweight" rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Barclays boosted their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 27th. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Citigroup lowered their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research note on Wednesday, January 15th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $145.38.
Check Out Our Latest Stock Analysis on Kimberly-Clark
Kimberly-Clark Stock Up 1.7 %
Kimberly-Clark stock traded up $2.28 during mid-day trading on Friday, hitting $139.77. The company had a trading volume of 1,721,534 shares, compared to its average volume of 2,149,010. The stock has a market cap of $46.35 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 4.46 and a beta of 0.37. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The business has a fifty day moving average of $138.39 and a 200 day moving average of $135.68.
Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.
Kimberly-Clark Profile
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Free Report)
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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