Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,149 shares of the company's stock after acquiring an additional 7,498 shares during the period. Tocqueville Asset Management L.P.'s holdings in Kimberly-Clark were worth $7,751,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the third quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the firm'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 transaction of $350,000.00. Following the completion of the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company's stock.

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Kimberly-Clark Stock Down 0.4 %

Shares of NYSE:KMB traded down $0.55 during mid-day trading on Wednesday, hitting $138.99. 655,506 shares of the company traded hands, compared to its average volume of 2,012,416. The firm has a market cap of $46.09 billion, a P/E ratio of 18.41, a PEG ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $123.02 and a 52-week high of $150.45. The firm's 50 day simple moving average is $134.05 and its 200 day simple moving average is $136.34.

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 the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued 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 dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler reiterated 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. Wells Fargo & Company reduced their target price on 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. UBS Group increased their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Kimberly-Clark has an average rating of "Hold" and an average target price of $143.64.

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.