Safe Harbor Fiduciary LLC Purchases 118 Shares of Kimberly-Clark Co. (NYSE:KMB)

Safe Harbor Fiduciary LLC boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,211 shares of the company’s stock after purchasing an additional 118 shares during the quarter. Safe Harbor Fiduciary LLC’s holdings in Kimberly-Clark were worth $421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $25,000. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $33,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 1.4%

Shares of NYSE:KMB opened at $139.33 on Friday. The company has a market capitalization of $46.23 billion, a P/E ratio of 18.45, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business’s 50 day simple moving average is $137.09 and its 200 day simple moving average is $134.75.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the business posted $2.01 earnings per share. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Insider Buying and Selling

In related news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares of the company’s stock, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,872 shares of company stock valued at $2,208,684 over the last 90 days. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on KMB. Evercore ISI reduced their price target on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. UBS Group increased their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Wells Fargo & Company increased their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada dropped their price objective on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $145.08.

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.