Kornitzer Capital Management Inc. KS Grows Stake in Kimberly-Clark Co. (NYSE:KMB)

Kornitzer Capital Management Inc. KS grew its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,932 shares of the company's stock after purchasing an additional 4,688 shares during the period. Kimberly-Clark comprises about 0.8% of Kornitzer Capital Management Inc. KS's holdings, making the stock its 28th largest holding. Kornitzer Capital Management Inc. KS owned approximately 0.09% of Kimberly-Clark worth $38,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. My Legacy Advisors LLC grew its position in shares of Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company's stock valued at $248,000 after purchasing an additional 76 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock valued at $759,000 after purchasing an additional 77 shares in the last quarter. Graypoint LLC grew its position in shares of Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company's stock valued at $756,000 after purchasing an additional 78 shares in the last quarter. Truvestments Capital LLC grew its position in shares of Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company's stock valued at $424,000 after purchasing an additional 78 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its position in shares of Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock valued at $208,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective 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. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $143.64.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of the business's 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 completion of the transaction, the vice president now owns 5,053 shares of the company's stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Trading Up 0.5 %

Shares of Kimberly-Clark stock traded up $0.71 on Thursday, hitting $138.64. 1,310,012 shares of the company traded hands, compared to its average volume of 2,137,862. The stock's 50 day moving average price is $130.03 and its 200-day moving average price is $136.46. 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 Co. has a 52 week low of $118.62 and a 52 week high of $149.30. The company has a market cap of $45.98 billion, a PE ratio of 18.36, a PEG ratio of 4.34 and a beta of 0.41.

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 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 predict that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.64%. Kimberly-Clark's payout ratio is 64.64%.

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.