MGO One Seven LLC Raises Position in Kimberly-Clark Co. (NYSE:KMB)

MGO One Seven LLC boosted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,212 shares of the company's stock after buying an additional 2,264 shares during the period. MGO One Seven LLC's holdings in Kimberly-Clark were worth $1,993,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after purchasing an additional 273,813 shares during the period. Passumpsic Savings Bank acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $212,000. Chelsea Counsel Co. increased its holdings in shares of Kimberly-Clark by 2.4% during the third quarter. Chelsea Counsel Co. now owns 12,870 shares of the company's stock worth $1,847,000 after purchasing an additional 300 shares during the period. Tudor Financial Inc. bought a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $280,000. Finally, World Investment Advisors LLC increased its stake in Kimberly-Clark by 50.4% during the 3rd quarter. World Investment Advisors LLC now owns 4,920 shares of the company's stock worth $700,000 after acquiring an additional 1,648 shares during the period. 76.29% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the company's 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 transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Trading Down 0.6 %

Shares of KMB traded down $0.76 during mid-day trading on Friday, reaching $131.58. 2,626,982 shares of the company were exchanged, compared to its average volume of 2,128,574. The business has a 50 day simple moving average of $139.62 and a two-hundred day simple moving average of $135.46. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a market capitalization of $43.64 billion, a PE ratio of 17.43, a PEG ratio of 4.46 and a beta of 0.37. 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 posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company posted $2.01 EPS. On average, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was 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 yield of 3.83%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. Piper Sandler decreased their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday. StockNews.com cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday. Wells Fargo & Company raised their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $145.08.

About Kimberly-Clark

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.