Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Keene & Associates Inc.

Keene & Associates Inc. raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 25,354 shares of the company’s stock after acquiring an additional 626 shares during the period. Kimberly-Clark makes up 2.7% of Keene & Associates Inc.’s investment portfolio, making the stock its 15th largest position. Keene & Associates Inc.’s holdings in Kimberly-Clark were worth $3,322,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth about $29,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $33,000. Finally, Roxbury Financial LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays dropped their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Wells Fargo & Company dropped 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 report on Tuesday, January 7th. Citigroup dropped their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Price Performance

NYSE KMB opened at $135.66 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 company has a fifty day simple moving average of $129.84 and a 200 day simple moving average of $136.49. The company has a market cap of $45.00 billion, a P/E ratio of 17.97, a P/E/G ratio of 4.25 and a beta of 0.41. Kimberly-Clark Co. has a 1 year low of $118.62 and a 1 year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

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

About Kimberly-Clark

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.