First Horizon Advisors Inc. Has $1.24 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

First Horizon Advisors Inc. lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,495 shares of the company’s stock after selling 222 shares during the period. First Horizon Advisors Inc.’s holdings in Kimberly-Clark were worth $1,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC boosted its position in shares of Kimberly-Clark by 2.6% during the 3rd quarter. Private Advisor Group LLC now owns 37,175 shares of the company’s stock valued at $5,289,000 after purchasing an additional 928 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Kimberly-Clark by 13,351.7% during the 3rd quarter. International Assets Investment Management LLC now owns 311,273 shares of the company’s stock worth $44,288,000 after buying an additional 308,959 shares in the last quarter. Assenagon Asset Management S.A. grew its position 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 buying an additional 27,307 shares during the period. Forsta AP Fonden increased its stake in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Forsta AP Fonden now owns 123,900 shares of the company’s stock valued at $17,628,000 after acquiring an additional 4,400 shares in the last quarter. Finally, PFG Investments LLC increased its stake in shares of Kimberly-Clark by 18.8% in the 3rd quarter. PFG Investments LLC now owns 8,569 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research reports. Wells Fargo & Company reduced 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. StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Barclays cut their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Trading Up 0.9 %

NYSE KMB opened at $140.28 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $46.53 billion, a P/E ratio of 18.58, a PEG ratio of 4.46 and a beta of 0.41. The business has a fifty day simple moving average of $130.37 and a 200 day simple moving average of $136.46. Kimberly-Clark Co. has a 12 month low of $118.62 and a 12 month high of $149.30.

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

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 64.64%.

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.