Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Marco Investment Management LLC

Marco Investment Management LLC increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,315 shares of the company’s stock after buying an additional 100 shares during the period. Marco Investment Management LLC’s holdings in Kimberly-Clark were worth $1,745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalina Capital Group LLC boosted its stake in Kimberly-Clark by 8.7% during the 3rd quarter. Catalina Capital Group LLC now owns 2,138 shares of the company’s stock valued at $304,000 after purchasing an additional 171 shares during the period. Radnor Capital Management LLC acquired a new position in Kimberly-Clark during the 3rd quarter valued at about $983,000. Concurrent Investment Advisors LLC boosted its stake in Kimberly-Clark by 3.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,105 shares of the company’s stock valued at $1,722,000 after purchasing an additional 402 shares during the period. Forte Capital LLC ADV boosted its stake in Kimberly-Clark by 5.0% during the 3rd quarter. Forte Capital LLC ADV now owns 12,075 shares of the company’s stock valued at $1,718,000 after purchasing an additional 580 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new position in Kimberly-Clark during the 3rd quarter valued at about $212,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on KMB. Barclays reduced their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. UBS Group boosted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Citigroup dropped their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price target on shares of 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. Two equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Up 0.6 %

KMB stock opened at $142.44 on Friday. Kimberly-Clark Co. has a 52-week low of $123.02 and a 52-week high of $149.31. The company’s 50 day simple moving average is $132.11 and its 200-day simple moving average is $136.56. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $47.25 billion, a P/E ratio of 18.87, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.54%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is currently 66.75%.

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.