Burney Co. Buys 740 Shares of Kimberly-Clark Co. (NYSE:KMB)

Burney Co. increased its position in Kimberly-Clark Co. (NYSE:KMB) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,666 shares of the company’s stock after purchasing an additional 740 shares during the period. Burney Co.’s holdings in Kimberly-Clark were worth $1,529,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC grew its holdings in Kimberly-Clark by 2.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 8,265 shares of the company’s stock worth $1,083,000 after buying an additional 206 shares in the last quarter. Meyer Handelman Co. boosted its position in Kimberly-Clark by 0.7% in the fourth quarter. Meyer Handelman Co. now owns 439,361 shares of the company’s stock worth $57,574,000 after purchasing an additional 3,127 shares during the last quarter. Acropolis Investment Management LLC increased its position in shares of Kimberly-Clark by 4.2% during the 4th quarter. Acropolis Investment Management LLC now owns 11,516 shares of the company’s stock valued at $1,509,000 after purchasing an additional 466 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Kimberly-Clark by 77.4% during the 4th 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 period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Kimberly-Clark by 1,427.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after buying an additional 551,158 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 0.9 %

Shares of Kimberly-Clark stock opened at $126.66 on Friday. The company’s 50 day moving average price is $132.64 and its 200-day moving average price is $138.13. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market capitalization of $42.24 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.85%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KMB shares. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday. Wells Fargo & Company lowered 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 report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Piper Sandler decreased their price objective on 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $144.57.

About Kimberly-Clark

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.