Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Decreased by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 18.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 56,100 shares of the company’s stock after selling 12,530 shares during the period. Intact Investment Management Inc.’s holdings in Kimberly-Clark were worth $7,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. IAG Wealth Partners LLC boosted its holdings in shares of Kimberly-Clark by 182.8% in the 4th quarter. IAG Wealth Partners LLC now owns 560 shares of the company’s stock valued at $73,000 after buying an additional 362 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Kimberly-Clark by 9.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 579,713 shares of the company’s stock worth $75,722,000 after acquiring an additional 49,197 shares during the period. Achmea Investment Management B.V. lifted its stake in shares of Kimberly-Clark by 86.8% in the 4th quarter. Achmea Investment Management B.V. now owns 210,648 shares of the company’s stock worth $27,603,000 after acquiring an additional 97,901 shares during the period. Mascoma Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 20.1% in the 4th quarter. Mascoma Wealth Management LLC now owns 598 shares of the company’s stock worth $78,000 after acquiring an additional 100 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Kimberly-Clark by 1.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 40,433 shares of the company’s stock worth $5,298,000 after purchasing an additional 419 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

Kimberly-Clark stock opened at $140.07 on Friday. The firm has a market cap of $46.46 billion, a PE ratio of 18.55, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm’s 50 day moving average price is $133.33 and its two-hundred day moving average price is $136.53. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45.

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

Kimberly-Clark Increases Dividend

The firm 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 $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.60%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research reports. Wells Fargo & Company dropped 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 report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Citigroup cut their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Two investment 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. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $143.64.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

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.