NEOS Investment Management LLC Acquires 3,728 Shares of Kimberly-Clark Co. (NYSE:KMB)

NEOS Investment Management LLC increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 29.7% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KMB. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC bought a new position in Kimberly-Clark in the 4th quarter worth about $32,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

Kimberly-Clark stock opened at $140.73 on Friday. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The business has a fifty day moving average price of $136.12 and a 200-day moving average price of $136.05. 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 PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results 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 return on equity of 201.43% and a net margin of 12.69%. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared 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 positive change 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 3.58%. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMB. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. UBS Group increased 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. Finally, StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.85.

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.