DMKC Advisory Services LLC Invests $1.76 Million in Kimberly-Clark Co. (NYSE:KMB)

DMKC Advisory Services LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 13,403 shares of the company’s stock, valued at approximately $1,756,000.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Assenagon Asset Management S.A. boosted its stake in shares of Kimberly-Clark by 241.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 38,613 shares of the company’s stock worth $5,494,000 after acquiring an additional 27,307 shares in the last quarter. Modera Wealth Management LLC grew its holdings in Kimberly-Clark by 2.4% in the third quarter. Modera Wealth Management LLC now owns 6,429 shares of the company’s stock valued at $915,000 after purchasing an additional 153 shares during the period. Orrstown Financial Services Inc. purchased a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $290,000. Pallas Capital Advisors LLC raised its stake in shares of Kimberly-Clark by 6.1% during the 3rd quarter. Pallas Capital Advisors LLC now owns 2,461 shares of the company’s stock worth $337,000 after buying an additional 141 shares during the period. Finally, Smith Group Asset Management LLC raised its stake in shares of Kimberly-Clark by 28.7% during the 3rd quarter. Smith Group Asset Management LLC now owns 11,751 shares of the company’s stock worth $1,672,000 after buying an additional 2,620 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays dropped their target price 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. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Stock Up 0.9 %

Shares of KMB opened at $141.33 on Wednesday. The stock has a fifty day simple moving average of $130.74 and a two-hundred day simple moving average of $136.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $46.88 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. Kimberly-Clark Co. has a 52-week low of $120.49 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates 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 forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.57%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Kimberly-Clark Company 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.