Maridea Wealth Management LLC Purchases Shares of 3,197 Kimberly-Clark Co. (NYSE:KMB)

Maridea Wealth Management LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,197 shares of the company’s stock, valued at approximately $419,000.

Several other hedge funds also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the fourth quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at about $33,000. Finally, Roxbury Financial LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $33,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $140.73 on Friday. 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 firm has a market cap of $46.67 billion, a PE ratio of 18.64, a P/E/G ratio of 4.46 and a beta of 0.36. The business has a 50 day moving average of $136.12 and a 200-day moving average of $135.98. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45.

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

Kimberly-Clark Increases Dividend

The company also recently disclosed 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. This represents a $5.04 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the sale, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KMB. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Barclays boosted their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday. Citigroup dropped their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.85.

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.