Coston McIsaac & Partners Grows Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Coston McIsaac & Partners lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 39,280 shares of the company’s stock after acquiring an additional 282 shares during the period. Kimberly-Clark makes up approximately 1.5% of Coston McIsaac & Partners’ investment portfolio, making the stock its 23rd largest holding. Coston McIsaac & Partners’ holdings in Kimberly-Clark were worth $5,145,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth about $29,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of 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 period. Synergy Asset Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $35,000. Kennebec Savings Bank purchased a new stake in Kimberly-Clark in the third quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new position in Kimberly-Clark in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.2 %

KMB stock opened at $129.67 on Thursday. The stock has a market capitalization of $43.24 billion, a P/E ratio of 16.82, a P/E/G ratio of 3.53 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The firm has a 50-day simple moving average of $131.63 and a 200-day simple moving average of $137.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Equities analysts forecast that Kimberly-Clark Co. will post 7.32 earnings per share 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. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.89%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMB. UBS Group boosted 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. JPMorgan Chase & Co. decreased 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. Barclays dropped their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.64.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

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.