West Tower Group LLC Acquires Shares of 3,300 Kimberly-Clark Co. (NYSE:KMB)

West Tower Group 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 and Exchange Commission (SEC). The institutional investor acquired 3,300 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Kimberly-Clark during the 4th quarter worth about $127,436,000. Sarasin & Partners LLP grew its holdings in Kimberly-Clark by 140.1% during the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company's stock worth $129,506,000 after acquiring an additional 576,610 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Kimberly-Clark by 1,427.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock valued at $77,284,000 after acquiring an additional 551,158 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock worth $1,387,709,000 after acquiring an additional 529,223 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 0.6 %

Shares of NYSE KMB traded down $0.77 during midday trading on Friday, reaching $138.31. The company's stock had a trading volume of 7,442,508 shares, compared to its average volume of 2,039,702. The stock has a 50 day simple moving average of $134.84 and a 200-day simple moving average of $136.26. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $45.87 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a fifty-two week low of $123.84 and a fifty-two week high of $150.45.

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Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company 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 $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.64%. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMB. Piper Sandler reissued an "overweight" rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, TD Cowen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark has an average rating of "Hold" and an average target price of $143.64.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by company insiders.

About Kimberly-Clark

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.