DMKC Advisory Services LLC Takes $1.76 Million Position in Kimberly-Clark Co. (NYSE:KMB)

DMKC Advisory Services LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,403 shares of the company’s stock, valued at approximately $1,756,000.

Other hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the third quarter worth approximately $29,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KMB has been the subject of several recent research reports. UBS Group boosted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Barclays decreased 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. JPMorgan Chase & Co. cut their price objective 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. Finally, Citigroup decreased their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Trading Up 0.9 %

NYSE:KMB opened at $141.33 on Wednesday. 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 firm has a fifty day simple moving average of $130.74 and a 200-day simple moving average of $136.45. Kimberly-Clark Co. has a 12 month low of $120.49 and a 12 month high of $149.30. The company has a market capitalization of $46.88 billion, a P/E ratio of 18.72, a PEG ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is 66.75%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by insiders.

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.