242 Shares in Kimberly-Clark Co. (NYSE:KMB) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 242 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the third quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $33,000. Finally, Synergy Asset Management LLC bought a new position in Kimberly-Clark in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. UBS Group lifted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company dropped their target price 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. Barclays lowered their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Stock Up 1.4 %

KMB stock opened at $133.22 on Wednesday. The stock has a market capitalization of $44.43 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a 50 day moving average of $130.06 and a 200 day moving average of $136.66.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.78%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is currently 64.64%.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value 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 represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.