Mystic Asset Management Inc. Grows Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Mystic Asset Management Inc. grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,528 shares of the company's stock after purchasing an additional 4,563 shares during the quarter. Mystic Asset Management Inc.'s holdings in Kimberly-Clark were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Natixis Advisors LLC lifted its holdings in shares of Kimberly-Clark by 84.1% in the third quarter. Natixis Advisors LLC now owns 216,748 shares of the company's stock worth $30,839,000 after buying an additional 99,011 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Kimberly-Clark in the third quarter worth $208,000. Thrivent Financial for Lutherans lifted its holdings in shares of Kimberly-Clark by 15.3% in the third quarter. Thrivent Financial for Lutherans now owns 33,444 shares of the company's stock worth $4,759,000 after buying an additional 4,426 shares in the last quarter. Richard C. Young & CO. LTD. purchased a new position in shares of Kimberly-Clark in the third quarter worth $240,000. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Kimberly-Clark by 17.0% in the third quarter. Meeder Advisory Services Inc. now owns 7,192 shares of the company's stock worth $1,023,000 after buying an additional 1,045 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Down 0.6 %

KMB stock traded down $0.77 during mid-day trading on Friday, reaching $138.31. 7,442,508 shares of the stock traded hands, compared to its average volume of 2,037,305. 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 Co. has a one year low of $123.84 and a one year high of $150.45. The stock has a market capitalization of $45.87 billion, a PE ratio of 18.32, a PEG ratio of 4.46 and a beta of 0.36. The business has a 50-day moving average price of $134.84 and a two-hundred day moving average price of $136.34.

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Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Equities research analysts expect 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. Shareholders 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 yield of 3.64%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark's dividend payout ratio is presently 66.75%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This represents a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KMB has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Barclays decreased 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 research note on Friday, January 17th. Finally, UBS Group upped their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $143.64.

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.