Bank of Jackson Hole Trust Takes $51,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Bank of Jackson Hole Trust acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 388 shares of the company’s stock, valued at approximately $51,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of Kimberly-Clark by 35.5% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 13,515 shares of the company’s stock valued at $1,771,000 after acquiring an additional 3,543 shares during the period. Davidson Trust Co. grew its position in shares of Kimberly-Clark by 16.2% in the 4th quarter. Davidson Trust Co. now owns 1,756 shares of the company’s stock valued at $230,000 after acquiring an additional 245 shares during the period. Kestra Investment Management LLC grew its position in shares of Kimberly-Clark by 86.9% in the 4th quarter. Kestra Investment Management LLC now owns 7,514 shares of the company’s stock valued at $985,000 after acquiring an additional 3,493 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of Kimberly-Clark by 13.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 61,930 shares of the company’s stock valued at $8,178,000 after acquiring an additional 7,363 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its position in shares of Kimberly-Clark by 1.6% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 292,932 shares of the company’s stock valued at $38,386,000 after acquiring an additional 4,688 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB opened at $138.85 on Friday. 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’s fifty day moving average price is $130.03 and its two-hundred day moving average price is $136.46. Kimberly-Clark Co. has a 1-year low of $118.62 and a 1-year high of $149.30. The company has a market cap of $46.05 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 4.34 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data 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 net margin of 12.69% and a return on equity of 201.43%. On average, analysts expect that Kimberly-Clark Co. will post 7.51 EPS 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. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. UBS Group lifted their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Barclays cut their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Citigroup cut their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $143.64.

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.