Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Ossiam

Ossiam boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 60.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,500 shares of the company’s stock after buying an additional 4,698 shares during the quarter. Ossiam’s holdings in Kimberly-Clark were worth $1,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KMB. Park Avenue Securities LLC raised its holdings in shares of Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after purchasing an additional 6,016 shares during the last quarter. Pensionfund Sabic raised its stake in shares of Kimberly-Clark by 45.5% during the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after buying an additional 4,000 shares during the last quarter. Barclays PLC lifted its holdings 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 buying an additional 273,813 shares during the period. Aprio Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 20.0% in the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after buying an additional 466 shares during the last quarter. Finally, West Oak Capital LLC grew its holdings in Kimberly-Clark by 20,377.6% during the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock worth $4,428,000 after acquiring an additional 33,623 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 2.1 %

Shares of KMB opened at $142.68 on Monday. The firm’s fifty day moving average is $139.52 and its two-hundred day moving average is $135.68. The stock has a market cap of $47.32 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45.

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

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $1.26 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.53%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KMB has been the topic of several recent research reports. UBS Group upped their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a report on Friday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Thursday. Piper Sandler reissued an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $146.31.

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.