Strategies Wealth Advisors LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,093 shares of the company's stock, valued at approximately $280,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $33,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $32,000. Finally, Synergy Asset Management LLC purchased a new position in Kimberly-Clark in the 4th quarter worth about $35,000. 76.29% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on KMB. Citigroup decreased their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a report on Wednesday, January 15th. Barclays increased their target price on Kimberly-Clark from $138.00 to $144.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Piper Sandler reiterated an "overweight" rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $146.31.
View Our Latest Analysis on KMB
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. This represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.64% of the company's stock.
Kimberly-Clark Stock Up 2.1 %
Shares of KMB stock 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 market capitalization of $47.32 billion, a PE ratio of 18.90, a PEG ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The business has a 50 day moving average of $139.52 and a two-hundred day moving average of $135.75. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.
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, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.53%. The ex-dividend date was Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is presently 66.75%.
About Kimberly-Clark
(
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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