Rosenberg Matthew Hamilton Raises Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Rosenberg Matthew Hamilton lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,217 shares of the company’s stock after acquiring an additional 232 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Kimberly-Clark were worth $159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Exeter Financial LLC boosted its position in Kimberly-Clark by 4.8% during the fourth quarter. Exeter Financial LLC now owns 8,741 shares of the company’s stock worth $1,145,000 after purchasing an additional 400 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth $406,000. First Financial Corp IN boosted its position in shares of Kimberly-Clark by 55.3% in the 4th quarter. First Financial Corp IN now owns 668 shares of the company’s stock worth $88,000 after buying an additional 238 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $1,419,000. Finally, Elevated Capital Advisors LLC grew its stake in Kimberly-Clark by 4.5% in the 4th quarter. Elevated Capital Advisors LLC now owns 9,964 shares of the company’s stock valued at $1,306,000 after acquiring an additional 433 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

KMB has been the subject of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Piper Sandler cut their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group decreased their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two equities research 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’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $147.57.

Kimberly-Clark Price Performance

KMB opened at $126.22 on Wednesday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company’s 50 day simple moving average is $132.77 and its 200 day simple moving average is $138.22. The stock has a market capitalization of $42.09 billion, a PE ratio of 16.37, a P/E/G ratio of 2.76 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $1.74 EPS. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

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.