Cantor Fitzgerald Investment Advisors L.P. Invests $11.99 Million in Kimberly-Clark Co. (NYSE:KMB)

Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 98,711 shares of the company's stock, valued at approximately $11,994,000.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Kimberly-Clark by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company's stock valued at $869,090,000 after buying an additional 177,712 shares during the period. American Century Companies Inc. grew its holdings in shares of Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company's stock worth $603,815,000 after purchasing an additional 641,187 shares in the last quarter. Morgan Stanley increased its position in shares of Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company's stock valued at $590,345,000 after purchasing an additional 212,739 shares during the period. Northern Trust Corp raised its stake in shares of Kimberly-Clark by 4.0% in the third quarter. Northern Trust Corp now owns 4,051,719 shares of the company's stock valued at $489,650,000 after purchasing an additional 155,066 shares in the last quarter. Finally, Norges Bank bought a new position in Kimberly-Clark in the fourth quarter worth $437,420,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Evercore ISI raised Kimberly-Clark from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a "hold" rating in a report on Thursday, March 28th. The Goldman Sachs Group raised their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Finally, Citigroup lifted their target price on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a "sell" rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $134.85.

Insider Transactions at Kimberly-Clark

In related news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the company's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company's stock, valued at $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company's stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Up 0.1 %

Kimberly-Clark stock traded up $0.10 during trading hours on Friday, reaching $131.94. 1,413,946 shares of the company's stock traded hands, compared to its average volume of 1,789,421. The firm has a market capitalization of $44.43 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.54 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $139.75. The firm's 50 day moving average is $130.66 and its 200-day moving average is $124.96.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. On average, analysts predict that Kimberly-Clark Co. will post 7.03 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Friday, June 7th. Kimberly-Clark's dividend payout ratio (DPR) is currently 89.71%.

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.

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