Pollock Investment Advisors LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Pollock Investment Advisors LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMBFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,736 shares of the company’s stock, valued at approximately $359,000.

A number of other institutional investors have also made changes to their positions in KMB. Aptus Capital Advisors LLC grew its stake in shares of Kimberly-Clark by 23.7% during the third quarter. Aptus Capital Advisors LLC now owns 3,304 shares of the company’s stock valued at $470,000 after purchasing an additional 634 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Kimberly-Clark by 4.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,691 shares of the company’s stock valued at $1,379,000 after buying an additional 422 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Kimberly-Clark by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 11,690 shares of the company’s stock valued at $1,663,000 after buying an additional 259 shares during the period. Empowered Funds LLC lifted its stake in shares of Kimberly-Clark by 40.2% during the third quarter. Empowered Funds LLC now owns 54,019 shares of the company’s stock valued at $7,686,000 after acquiring an additional 15,482 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in Kimberly-Clark by 68.4% in the third quarter. Mizuho Securities USA LLC now owns 43,713 shares of the company’s stock valued at $6,219,000 after acquiring an additional 17,749 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KMB shares. Wells Fargo & Company cut their target price on shares of 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. Citigroup reduced their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. UBS Group upped their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Barclays dropped 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $143.64.

Get Our Latest Report on KMB

Kimberly-Clark Stock Down 0.2 %

Kimberly-Clark stock opened at $139.79 on Friday. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a 50 day moving average of $133.53 and a 200-day moving average of $136.45. The stock has a market capitalization of $46.36 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) 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 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared 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 of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is 66.75%.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Profile

(Free Report)

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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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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