Certior Financial Group LLC Buys Shares of 2,077 Kimberly-Clark Co. (NYSE:KMB)

Certior Financial Group LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,077 shares of the company's stock, valued at approximately $272,000.

Several other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new position in Kimberly-Clark in the fourth quarter worth approximately $32,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth $33,000. Finally, Roxbury Financial LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, Piper Sandler restated an "overweight" rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $145.38.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded up $2.28 during mid-day trading on Friday, reaching $139.77. 1,721,534 shares of the stock traded hands, compared to its average volume of 2,151,052. The business has a 50-day moving average of $138.39 and a 200 day moving average of $135.72. Kimberly-Clark Co. has a fifty-two week low of $123.84 and a fifty-two week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $46.35 billion, a PE ratio of 18.51, a PEG ratio of 4.46 and a beta of 0.37.

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

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a dividend of $1.26 per share. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, March 7th. Kimberly-Clark's payout ratio is currently 66.75%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction dated 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 completion of the sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade 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 this link. Insiders own 0.64% of the company's stock.

Kimberly-Clark Company 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.