FNY Investment Advisers LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

FNY Investment Advisers LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,100 shares of the company’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth about $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of Kimberly-Clark during the 3rd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC bought a new stake in Kimberly-Clark during the 3rd quarter worth $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 0.7 %

KMB opened at $125.35 on Tuesday. The firm has a market capitalization of $41.80 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.76 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The business has a 50 day simple moving average of $132.94 and a two-hundred day simple moving average of $138.31. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.89%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMB. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. UBS Group dropped their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, Piper Sandler cut their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $147.57.

Kimberly-Clark Company 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.