Amalgamated Bank Buys 1,040 Shares of Kimberly-Clark Co. (NYSE:KMB)

Amalgamated Bank raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 70,167 shares of the company’s stock after purchasing an additional 1,040 shares during the quarter. Amalgamated Bank’s holdings in Kimberly-Clark were worth $9,195,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the third quarter valued at about $29,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This represents a 49.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $141.33 on Wednesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a 50 day simple moving average of $130.74 and a two-hundred day simple moving average of $136.45. Kimberly-Clark Co. has a fifty-two week low of $120.49 and a fifty-two week high of $149.30. The company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 4.46 and a beta of 0.41.

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

Kimberly-Clark Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.57%. Kimberly-Clark’s payout ratio is presently 66.75%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMB. Citigroup reduced their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Piper Sandler restated an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. UBS Group boosted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. 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 given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $143.64.

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.