375 Shares in Kimberly-Clark Co. (NYSE:KMB) Acquired by Hoey Investments Inc.

Hoey Investments Inc. acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 375 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Park Avenue Securities LLC boosted its position in Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after buying an additional 6,016 shares during the period. Pensionfund Sabic raised its stake in shares of Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC boosted its holdings in shares of Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after purchasing an additional 273,813 shares during the period. Aprio Wealth Management LLC grew its stake in shares of Kimberly-Clark by 20.0% in the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after purchasing an additional 466 shares during the last quarter. Finally, West Oak Capital LLC increased its holdings in Kimberly-Clark by 20,377.6% during the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock valued at $4,428,000 after purchasing an additional 33,623 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. TD Cowen cut 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. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $144.85.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $140.73 on Monday. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45. 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 company has a market capitalization of $46.67 billion, a P/E ratio of 18.64, a PEG ratio of 4.46 and a beta of 0.36. The stock’s 50 day moving average is $136.12 and its 200 day moving average is $135.92.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share 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 issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.58%. Kimberly-Clark’s payout ratio is 66.75%.

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.