NEOS Investment Management LLC Increases Stake in Kimberly-Clark Co. (NYSE:KMB)

NEOS Investment Management LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,293 shares of the company’s stock after acquiring an additional 3,728 shares during the period. NEOS Investment Management LLC’s holdings in Kimberly-Clark were worth $2,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Kimberly-Clark by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. State Street Corp lifted its position in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after buying an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after acquiring an additional 529,223 shares in the last quarter. Geode Capital Management LLC raised its stake in Kimberly-Clark by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after acquiring an additional 206,671 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Kimberly-Clark by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company’s stock valued at $398,459,000 after purchasing an additional 30,312 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KMB shares. Barclays increased their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. UBS Group boosted their price objective on 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 cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $144.85.

Kimberly-Clark Stock Up 0.1 %

Shares of KMB opened at $140.73 on Friday. The business’s 50 day simple moving average is $136.12 and its 200-day simple moving average is $136.05. Kimberly-Clark Co. has a 1 year low of $123.84 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $46.67 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 3.58%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 66.75%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.64% of the company’s stock.

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.