Money Concepts Capital Corp Boosts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Money Concepts Capital Corp increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,059 shares of the company’s stock after acquiring an additional 3,190 shares during the quarter. Money Concepts Capital Corp’s holdings in Kimberly-Clark were worth $6,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. raised its stake in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Synergy Asset Management LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at about $35,000. Kennebec Savings Bank acquired a new position in Kimberly-Clark in the 3rd quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMB. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Piper Sandler reiterated an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Down 0.9 %

Shares of NYSE KMB opened at $129.29 on Wednesday. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The stock has a market cap of $43.11 billion, a P/E ratio of 17.12, a PEG ratio of 4.16 and a beta of 0.41. 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 business’s fifty day simple moving average is $131.03 and its 200-day simple moving average is $137.06.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.90%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.64%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

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.