one8zero8 LLC Invests $1.03 Million in Kimberly-Clark Co. (NYSE:KMB)

one8zero8 LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,844 shares of the company's stock, valued at approximately $1,028,000.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and an average price target of $143.64.

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Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction dated 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 $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Trading Down 0.2 %

Shares of KMB traded down $0.32 during midday trading on Wednesday, hitting $139.21. 291,390 shares of the stock were exchanged, compared to its average volume of 2,010,994. Kimberly-Clark Co. has a 52-week low of $123.02 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day simple moving average of $134.05 and a 200 day simple moving average of $136.34. The firm has a market cap of $46.17 billion, a P/E ratio of 18.43, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its 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%. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark's dividend payout ratio is presently 66.75%.

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.