Elevate Capital Advisors LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Elevate Capital Advisors LLC acquired a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,500 shares of the company's stock, valued at approximately $1,114,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Kimberly-Clark by 753.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,778 shares of the company's stock valued at $965,000 after buying an additional 5,984 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Kimberly-Clark by 3.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 14,177 shares of the company's stock valued at $2,017,000 after buying an additional 411 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Kimberly-Clark by 26.8% during the 3rd quarter. Ritholtz Wealth Management now owns 10,930 shares of the company's stock valued at $1,555,000 after buying an additional 2,312 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Kimberly-Clark by 3.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 15,523 shares of the company's stock valued at $2,210,000 after buying an additional 581 shares during the last quarter. Finally, Orca Investment Management LLC lifted its position in shares of Kimberly-Clark by 14.1% during the 3rd quarter. Orca Investment Management LLC now owns 2,472 shares of the company's stock valued at $352,000 after buying an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on KMB shares. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Barclays dropped their price objective on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. UBS Group increased 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, Citigroup dropped their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a report on Wednesday, January 15th. 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, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $143.64.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded up $1.55 during trading on Thursday, hitting $135.43. 1,872,591 shares of the stock traded hands, compared to its average volume of 2,165,676. 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 cap of $45.16 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 4.12 and a beta of 0.41. The firm's fifty day moving average is $129.93 and its 200-day moving average is $136.58. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts expect that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company 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 dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.72%. Kimberly-Clark's dividend payout ratio is 64.64%.

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.