26,940 Shares in Kimberly-Clark Co. (NYSE:KMB) Purchased by Promethos Capital LLC

Promethos Capital LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,940 shares of the company's stock, valued at approximately $3,530,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMB. Barclays PLC raised its stake in Kimberly-Clark by 19.4% during the third 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 in the last quarter. M&T Bank Corp lifted its holdings in shares of Kimberly-Clark by 0.6% in the 3rd quarter. M&T Bank Corp now owns 153,971 shares of the company's stock valued at $21,907,000 after acquiring an additional 868 shares during the last quarter. Passumpsic Savings Bank purchased a new position in Kimberly-Clark in the third quarter worth about $212,000. Chelsea Counsel Co. increased its stake in 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 acquiring an additional 300 shares during the last quarter. Finally, Tudor Financial Inc. bought a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $280,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on KMB shares. Royal Bank of Canada reiterated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Thursday. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Barclays lifted their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, Citigroup dropped their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $146.31.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Performance

NYSE:KMB traded up $2.98 during trading hours on Friday, hitting $142.68. 2,108,241 shares of the company were exchanged, compared to its average volume of 2,142,480. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. 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 $47.32 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 4.46 and a beta of 0.37. The company's 50 day moving average price is $139.52 and its 200-day moving average price is $135.75.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued 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 return on equity of 201.43% and a net margin of 12.69%. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given 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 3.53%. The ex-dividend date was Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is currently 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.