Emerald Advisors LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,694 shares of the company’s stock after purchasing an additional 133 shares during the period. Emerald Advisors LLC’s holdings in Kimberly-Clark were worth $353,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its stake in Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after buying an additional 6,016 shares in the last quarter. Pensionfund Sabic lifted its holdings in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC boosted its stake in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock valued at $366,000 after purchasing an additional 466 shares during the last quarter. Finally, West Oak Capital LLC grew its holdings in shares of Kimberly-Clark by 20,377.6% during the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock valued at $4,428,000 after purchasing an additional 33,623 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly-Clark Price Performance
Shares of NYSE:KMB opened at $137.85 on Thursday. The company has a market capitalization of $45.72 billion, a PE ratio of 18.26, a PEG ratio of 4.25 and a beta of 0.41. The business has a fifty day moving average price of $129.89 and a 200-day moving average price of $136.45. Kimberly-Clark Co. has a 1-year low of $118.62 and a 1-year high of $149.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.
Kimberly-Clark Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.66%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 64.64%.
Analysts Set New Price Targets
KMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. UBS Group raised their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $143.64.
Check Out Our Latest Report on KMB
Insiders Place Their Bets
In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction 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 sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.
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.
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