Ingalls & Snyder LLC Purchases 1,150 Shares of Kimberly-Clark Co. (NYSE:KMB)

Ingalls & Snyder LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,215 shares of the company’s stock after purchasing an additional 1,150 shares during the period. Ingalls & Snyder LLC’s holdings in Kimberly-Clark were worth $1,470,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark in the 4th quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the 4th quarter worth about $33,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $135.43 on Friday. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company’s 50 day moving average price is $129.93 and its two-hundred day moving average price is $136.58. The firm has a market cap of $45.16 billion, a PE ratio of 17.94, a PEG ratio of 4.12 and a beta of 0.41. 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 (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities research analysts predict that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 64.64%.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KMB shares. Barclays decreased their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $143.64.

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.