Alliancebernstein L.P. Buys 33,772 Shares of Kimberly-Clark Co. (NYSE:KMB)

Alliancebernstein L.P. lifted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 430,724 shares of the company's stock after buying an additional 33,772 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Kimberly-Clark worth $56,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $32,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $33,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMB. Citigroup decreased their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $144.85.

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Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the business'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 $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Up 0.8 %

NYSE KMB traded up $1.06 during trading on Thursday, reaching $136.21. 384,719 shares of the company's stock were exchanged, compared to its average volume of 2,142,905. Kimberly-Clark Co. has a fifty-two week low of $123.84 and a fifty-two week high of $150.45. The firm has a market capitalization of $45.17 billion, a PE ratio of 18.02, a P/E/G ratio of 4.46 and a beta of 0.37. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company's fifty day simple moving average is $138.05 and its 200-day simple moving average is $135.76.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a $1.26 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.70%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is 66.75%.

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.