Cibc World Markets Corp Buys 16,172 Shares of Kimberly-Clark Co. (NYSE:KMB)

Cibc World Markets Corp boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,983 shares of the company's stock after buying an additional 16,172 shares during the quarter. Cibc World Markets Corp's holdings in Kimberly-Clark were worth $17,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. Thompson Siegel & Walmsley LLC raised its stake in Kimberly-Clark by 1.5% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock valued at $759,000 after acquiring an additional 77 shares during the period. Truvestments Capital LLC lifted its stake in shares of Kimberly-Clark by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company's stock worth $424,000 after buying an additional 78 shares during the last quarter. Confluence Wealth Services Inc. boosted its holdings in shares of Kimberly-Clark by 5.1% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock worth $208,000 after buying an additional 80 shares during the period. YHB Investment Advisors Inc. grew its stake in Kimberly-Clark by 3.4% in the 4th quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company's stock valued at $330,000 after buying an additional 83 shares during the last quarter. Finally, Ascent Wealth Partners LLC lifted its position in Kimberly-Clark by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company's stock worth $1,221,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

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Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction that occurred 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 transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

KMB stock traded down $0.77 during trading on Friday, reaching $138.31. 7,442,508 shares of the company were exchanged, compared to its average volume of 2,246,357. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a 50-day moving average of $134.56 and a two-hundred day moving average of $136.38.

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, 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 analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.64%. 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 dividend payout ratio (DPR) is 66.75%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. UBS Group lifted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Finally, Barclays cut their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $143.64.

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.