Miracle Mile Advisors LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,832 shares of the company’s stock, valued at approximately $1,419,000.
Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of Kimberly-Clark by 2.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 19,231 shares of the company’s stock worth $2,658,000 after purchasing an additional 408 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after purchasing an additional 354,501 shares during the last quarter. Sierra Summit Advisors LLC increased its stake in shares of Kimberly-Clark by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 2,337 shares of the company’s stock worth $323,000 after purchasing an additional 186 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Kimberly-Clark by 28.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock worth $288,000 after purchasing an additional 458 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Kimberly-Clark by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 440,592 shares of the company’s stock worth $60,890,000 after purchasing an additional 15,700 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Price Performance
NYSE:KMB opened at $126.22 on Wednesday. The company has a 50-day moving average of $132.77 and a 200-day moving average of $138.22. The company has a market capitalization of $42.09 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on KMB shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Wells Fargo & Company lowered 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 research note on Tuesday, January 7th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Piper Sandler lowered their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $147.57.
Check Out Our Latest Research Report on KMB
Insider Activity at Kimberly-Clark
In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.
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.
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