Bison Wealth LLC Acquires 269 Shares of Kimberly-Clark Co. (NYSE:KMB)

Bison Wealth LLC lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,586 shares of the company’s stock after acquiring an additional 269 shares during the period. Bison Wealth LLC’s holdings in Kimberly-Clark were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Investment Group LTD. bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $594,000. Cornercap Investment Counsel Inc. increased its position in shares of Kimberly-Clark by 1.9% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 14,631 shares of the company’s stock valued at $1,778,000 after acquiring an additional 279 shares in the last quarter. Grove Bank & Trust grew its position in Kimberly-Clark by 1.8% in the 4th quarter. Grove Bank & Trust now owns 9,767 shares of the company’s stock worth $1,187,000 after purchasing an additional 177 shares during the period. Carnegie Capital Asset Management LLC grew its position in Kimberly-Clark by 12.4% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 12,264 shares of the company’s stock worth $1,490,000 after purchasing an additional 1,350 shares during the period. Finally, Lecap Asset Management Ltd. bought a new stake in Kimberly-Clark in the 4th quarter worth approximately $2,472,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.1 %

Shares of KMB stock opened at $125.28 on Wednesday. The stock has a market cap of $42.21 billion, a P/E ratio of 24.09, a PEG ratio of 3.77 and a beta of 0.40. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.87. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94. The company’s fifty day simple moving average is $123.91 and its two-hundred day simple moving average is $122.23.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. Analysts predict that Kimberly-Clark Co. will post 6.84 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.90%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date was Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is currently 93.85%.

Insider Activity

In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMB. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. HSBC lifted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Barclays lifted their price target on shares of Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. The Goldman Sachs Group assumed coverage on shares of Kimberly-Clark in a research note on Friday, March 1st. They set a “buy” rating and a $135.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $132.43.

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.