Mystic Asset Management Inc. Boosts Stake in Kimberly-Clark Co. (NYSE:KMB)

Mystic Asset Management Inc. lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 30.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,528 shares of the company’s stock after buying an additional 4,563 shares during the period. Mystic Asset Management Inc.’s holdings in Kimberly-Clark were worth $2,559,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC boosted its holdings in Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after acquiring an additional 77 shares during the period. Truvestments Capital LLC boosted its stake in shares of Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock valued at $424,000 after purchasing an additional 78 shares during the period. Confluence Wealth Services Inc. boosted its stake in shares of Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock valued at $208,000 after purchasing an additional 80 shares during the period. YHB Investment Advisors Inc. increased its stake in shares of Kimberly-Clark by 3.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after buying an additional 83 shares during the period. Finally, Ascent Wealth Partners LLC raised its holdings in Kimberly-Clark by 1.0% during the 4th quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after buying an additional 90 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 0.2 %

Shares of Kimberly-Clark stock opened at $139.98 on Tuesday. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $150.45. The firm has a market cap of $46.43 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 4.46 and a beta of 0.36. The company has a 50-day moving average of $133.81 and a 200 day moving average of $136.38. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

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

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued 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 is Friday, March 7th. Kimberly-Clark’s payout ratio is 66.75%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler restated an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, 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. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.64.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark 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 owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.