7,010 Shares in Kimberly-Clark Co. (NYSE:KMB) Bought by Asset Planning Inc

Asset Planning Inc acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,010 shares of the company’s stock, valued at approximately $919,000.

A number of other institutional investors have also made changes to their positions in the stock. Creative Planning lifted its holdings in Kimberly-Clark by 1.3% during the third quarter. Creative Planning now owns 75,147 shares of the company’s stock worth $10,692,000 after acquiring an additional 943 shares in the last quarter. Swedbank AB lifted its holdings in Kimberly-Clark by 3.0% during the third quarter. Swedbank AB now owns 171,142 shares of the company’s stock worth $24,350,000 after acquiring an additional 5,034 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Kimberly-Clark by 3.4% during the third quarter. SeaCrest Wealth Management LLC now owns 3,973 shares of the company’s stock worth $565,000 after acquiring an additional 131 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Kimberly-Clark by 13.3% during the third quarter. Vontobel Holding Ltd. now owns 124,596 shares of the company’s stock worth $17,728,000 after acquiring an additional 14,587 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Kimberly-Clark by 2.3% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 15,075 shares of the company’s stock valued at $2,145,000 after purchasing an additional 337 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $135.43 on Friday. The business’s 50 day moving average price is $129.93 and its two-hundred day moving average price is $136.58. The company has a market cap of $45.16 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 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, analysts predict that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is 64.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMB. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. UBS Group boosted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays cut their price target 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. JPMorgan Chase & Co. lowered their target price on 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, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.64.

Insider Activity at Kimberly-Clark

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