Amalgamated Bank Purchases 1,040 Shares of Kimberly-Clark Co. (NYSE:KMB)

Amalgamated Bank boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,167 shares of the company’s stock after buying an additional 1,040 shares during the quarter. Amalgamated Bank’s holdings in Kimberly-Clark were worth $9,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vaughan David Investments LLC IL raised its stake in Kimberly-Clark by 2.8% in the 4th quarter. Vaughan David Investments LLC IL now owns 278,562 shares of the company’s stock valued at $36,503,000 after acquiring an additional 7,578 shares during the period. FourThought Financial Partners LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth about $213,000. Commonwealth Retirement Investments LLC increased its stake in shares of Kimberly-Clark by 1.4% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 14,121 shares of the company’s stock worth $1,850,000 after purchasing an additional 199 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Kimberly-Clark by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company’s stock valued at $398,459,000 after purchasing an additional 30,312 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at approximately $167,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. UBS Group lifted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.64.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

Kimberly-Clark Price Performance

KMB stock opened at $141.33 on Wednesday. The firm has a 50 day simple moving average of $130.74 and a two-hundred day simple moving average of $136.45. The stock has a market cap of $46.88 billion, a PE ratio of 18.72, a P/E/G ratio of 4.46 and a beta of 0.41. Kimberly-Clark Co. has a one year low of $120.49 and a one year high of $149.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal 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. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.57%. Kimberly-Clark’s payout ratio is presently 66.75%.

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.