Clark & Stuart Inc Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Clark & Stuart Inc purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 34,493 shares of the company's stock, valued at approximately $4,562,000. Kimberly-Clark makes up 3.3% of Clark & Stuart Inc's portfolio, making the stock its 12th largest position.

A number of other hedge funds have also added to or reduced their stakes in the company. Pensionfund Sabic increased its position in shares of Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock worth $1,677,000 after buying an additional 4,000 shares during the period. Barclays PLC raised its position in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after acquiring an additional 273,813 shares in the last quarter. Vest Financial LLC lifted its stake in shares of Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company's stock valued at $49,409,000 after purchasing an additional 21,339 shares during the period. West Oak Capital LLC boosted its position in shares of Kimberly-Clark by 20,377.6% during the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock valued at $4,428,000 after purchasing an additional 33,623 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Kimberly-Clark by 20.4% during the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock worth $358,625,000 after purchasing an additional 464,615 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 0.7 %

Shares of KMB traded up $0.89 during trading hours on Monday, reaching $125.35. 2,325,002 shares of the stock traded hands, compared to its average volume of 1,954,401. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a market cap of $41.80 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.76 and a beta of 0.41. The stock has a fifty day simple moving average of $133.11 and a 200 day simple moving average of $138.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 EPS. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.89%. Kimberly-Clark's dividend payout ratio (DPR) is presently 63.29%.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company's stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research analyst reports. Piper Sandler cut their price target on Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a research report on Tuesday, October 8th. Barclays raised their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company lowered their target price on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $147.57.

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.