Corps Capital Advisors LLC purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,000 shares of the company's stock, valued at approximately $655,000.
Several other hedge funds also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark during the fourth quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 3rd quarter valued at about $29,000. Roxbury Financial LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $32,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $35,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have issued reports on KMB shares. TD Cowen lowered shares of 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. Wells Fargo & Company decreased their target price 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. StockNews.com downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. UBS Group boosted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $143.64.
Get Our Latest Research Report on Kimberly-Clark
Kimberly-Clark Stock Performance
NYSE:KMB traded up $1.27 during midday trading on Friday, reaching $140.24. The stock had a trading volume of 1,235,640 shares, compared to its average volume of 2,134,818. The stock has a market capitalization of $46.51 billion, a P/E ratio of 18.59, a PEG ratio of 4.42 and a beta of 0.41. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $118.62 and a 1-year high of $149.30. The firm's fifty day simple moving average is $130.19 and its 200-day simple moving average is $136.48.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS 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%. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS 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. Stockholders of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark's dividend payout ratio is currently 64.64%.
About Kimberly-Clark
(
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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