2,062 Shares in Kimberly-Clark Co. (NYSE:KMB) Purchased by Evoke Wealth LLC

Evoke Wealth LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,062 shares of the company's stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KMB. Thompson Siegel & Walmsley LLC increased its holdings in shares of Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock worth $759,000 after acquiring an additional 77 shares in the last quarter. Truvestments Capital LLC raised its holdings in 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 period. Confluence Wealth Services Inc. lifted its stake in Kimberly-Clark by 5.1% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock valued at $208,000 after buying an additional 80 shares in the last quarter. YHB Investment Advisors Inc. boosted its holdings in shares of Kimberly-Clark by 3.4% in the fourth 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 period. Finally, Ascent Wealth Partners LLC increased its position in shares of 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 in the last quarter. Institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMB. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Citigroup decreased their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a report on Wednesday, January 15th. Barclays cut their target price on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. TD Cowen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $143.64.

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Kimberly-Clark Stock Performance

NYSE:KMB traded down $0.91 on Monday, hitting $137.76. The company's stock had a trading volume of 1,979,707 shares, compared to its average volume of 2,039,461. Kimberly-Clark Co. has a one year low of $123.84 and a one year high of $150.45. The firm has a market capitalization of $45.69 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The stock has a fifty day moving average of $134.84 and a two-hundred day moving average of $136.18. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares of the company's stock, valued at approximately $357,420. This trade represents a 49.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by insiders.

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.