iA Global Asset Management Inc. Acquires 2,614 Shares of Kimberly-Clark Co. (NYSE:KMB)

iA Global Asset Management Inc. boosted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,986 shares of the company's stock after purchasing an additional 2,614 shares during the period. iA Global Asset Management Inc.'s holdings in Kimberly-Clark were worth $3,536,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KMB. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the third quarter worth approximately $29,000. Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth $33,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $32,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Citigroup lowered their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, Barclays lowered their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and an average target price of $143.64.

Remove Ads

Kimberly-Clark Price Performance

Shares of KMB stock traded down $0.87 during mid-day trading on Tuesday, hitting $136.95. The company had a trading volume of 1,800,993 shares, compared to its average volume of 2,037,734. The company has a market capitalization of $45.42 billion, a P/E ratio of 18.14, a P/E/G ratio of 4.46 and a beta of 0.36. The stock's 50 day moving average price is $135.09 and its 200-day moving average price is $136.11. Kimberly-Clark Co. has a 52-week low of $123.84 and a 52-week 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.

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, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid 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 dividend on an annualized basis and a yield of 3.68%. Kimberly-Clark's dividend payout ratio is presently 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark 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.