Catalina Capital Group LLC increased its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 13.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,419 shares of the company’s stock after acquiring an additional 281 shares during the period. Catalina Capital Group LLC’s holdings in Kimberly-Clark were worth $317,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. grew its holdings in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $35,000. Kennebec Savings Bank bought a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at $39,000. 76.29% of the stock is owned by institutional investors.
Kimberly-Clark Stock Performance
Shares of NYSE KMB opened at $130.47 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $43.51 billion, a P/E ratio of 17.28, a P/E/G ratio of 4.16 and a beta of 0.41. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The stock has a 50 day moving average of $131.20 and a 200-day moving average of $137.15.
Kimberly-Clark Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.86%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.
Insider Transactions at Kimberly-Clark
In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction 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.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. UBS Group upped their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $143.64.
Get Our Latest Research Report on KMB
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.
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