NEOS Investment Management LLC increased its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,293 shares of the company's stock after buying an additional 3,728 shares during the quarter. NEOS Investment Management LLC's holdings in Kimberly-Clark were worth $2,135,000 as of its most recent SEC filing.
Several other hedge funds and other institutional 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 valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $25,000. Roxbury Financial LLC bought a new position in Kimberly-Clark during the fourth quarter worth about $33,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark during the fourth quarter worth approximately $32,000. Finally, Synergy Asset Management LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at approximately $35,000. 76.29% of the stock is owned by institutional investors.
Kimberly-Clark Price Performance
Shares of NYSE:KMB traded up $1.56 during trading on Monday, reaching $142.27. 1,974,060 shares of the company traded hands, compared to its average volume of 2,137,648. The firm has a market capitalization of $47.18 billion, a PE ratio of 18.84, a PEG ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 52 week low of $123.84 and a 52 week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company's 50 day moving average is $136.12 and its two-hundred day moving average is $135.92.
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, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, sell-side analysts predict 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 given a dividend of $1.26 per share. 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. This represents a $5.04 annualized dividend and a dividend yield of 3.54%. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research analysts have recently commented on the company. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday. 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 note on Wednesday, January 29th. Finally, Citigroup reduced their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $144.85.
Check Out Our Latest Research Report on Kimberly-Clark
Kimberly-Clark Profile
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Free Report)
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.
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