Promethos Capital LLC Buys Shares of 26,940 Kimberly-Clark Co. (NYSE:KMB)

Promethos Capital LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,940 shares of the company’s stock, valued at approximately $3,530,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Strategies Wealth Advisors LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $280,000. Mariner LLC grew its position in Kimberly-Clark by 5.4% during the fourth quarter. Mariner LLC now owns 149,525 shares of the company’s stock valued at $19,593,000 after purchasing an additional 7,637 shares in the last quarter. SageView Advisory Group LLC increased its stake in Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock valued at $224,000 after buying an additional 74 shares during the period. Summit Investment Advisors Inc. lifted its position in Kimberly-Clark by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,626 shares of the company’s stock worth $1,261,000 after buying an additional 426 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at $521,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMB. Barclays upped their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 27th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, UBS Group increased their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $145.38.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

NYSE KMB opened at $139.77 on Monday. The stock has a market capitalization of $46.35 billion, a PE ratio of 18.51, a P/E/G ratio of 4.46 and a beta of 0.37. The stock has a 50-day simple moving average of $138.39 and a 200 day simple moving average of $135.68. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were given a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

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.