Oxbow Advisors LLC Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Oxbow Advisors LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 47,491 shares of the company's stock after purchasing an additional 4,698 shares during the period. Oxbow Advisors LLC's holdings in Kimberly-Clark were worth $6,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the 4th quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the third quarter worth about $29,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $32,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at approximately $33,000. Finally, Roxbury Financial LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at approximately $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.2 %

KMB stock traded down $0.29 on Monday, reaching $139.97. The company's stock had a trading volume of 1,054,679 shares, compared to its average volume of 2,137,281. Kimberly-Clark Co. has a 12-month low of $120.49 and a 12-month high of $149.30. The firm has a market cap of $46.43 billion, a PE ratio of 18.55, a PEG ratio of 4.46 and a beta of 0.41. The business has a fifty day simple moving average of $130.37 and a two-hundred day simple moving average of $136.46. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

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%. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.60%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is presently 64.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. Piper Sandler reissued an "overweight" rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. UBS Group upped 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. Wells Fargo & Company decreased 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. Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of "Hold" and a consensus target price of $143.64.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares of the company's stock, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.62% of the company's stock.

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.