Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,883 shares of the company’s stock after buying an additional 114 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Kimberly-Clark were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KMB. State Street Corp increased its position in shares of Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after buying an additional 1,083,824 shares in the last quarter. Sarasin & Partners LLP increased its position in shares of Kimberly-Clark by 140.1% in the fourth quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after buying an additional 576,610 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Kimberly-Clark by 1,427.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock valued at $77,284,000 after buying an additional 551,158 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after buying an additional 464,615 shares in the last quarter. Finally, Ilex Capital Partners UK LLP increased its position in shares of Kimberly-Clark by 140.0% in the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock valued at $94,278,000 after buying an additional 386,510 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Citigroup dropped their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $143.64.

Insider Activity

In other news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 1.3 %

KMB opened at $142.00 on Friday. 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 stock has a market capitalization of $47.10 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. The business has a 50-day moving average of $131.31 and a two-hundred day moving average of $136.53. Kimberly-Clark Co. has a 12 month low of $121.00 and a 12 month high of $149.31.

Kimberly-Clark (NYSE:KMB) last released 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%. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current 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 paid a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

Kimberly-Clark 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.