Beutel Goodman & Co Ltd. Boosts Stake in Kimberly-Clark Co. (NYSE:KMB)

Beutel Goodman & Co Ltd. lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,967,426 shares of the company’s stock after purchasing an additional 721 shares during the period. Kimberly-Clark comprises about 2.1% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 13th largest holding. Beutel Goodman & Co Ltd. owned 0.89% of Kimberly-Clark worth $388,851,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark during the fourth quarter worth $32,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KMB shares. Citigroup decreased their price target 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. Wells Fargo & Company raised their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Finally, Barclays upped their target price on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $144.85.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $140.73 on Friday. Kimberly-Clark Co. has a 52 week low of $123.84 and a 52 week high of $150.45. The stock has a market capitalization of $46.67 billion, a PE ratio of 18.64, a P/E/G ratio of 4.46 and a beta of 0.36. 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 firm has a 50 day moving average of $136.12 and a two-hundred day moving average of $136.05.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting 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, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

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.