Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Conning Inc.

Conning Inc. raised its position in Kimberly-Clark Co. (NYSE:KMB) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,938 shares of the company’s stock after acquiring an additional 17,350 shares during the quarter. Conning Inc. owned 0.08% of Kimberly-Clark worth $35,504,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the third quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. grew its position in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

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

Kimberly-Clark Trading Up 1.2 %

NYSE:KMB opened at $130.29 on Friday. The stock has a market cap of $43.45 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 4.16 and a beta of 0.41. 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 1 year low of $117.67 and a 1 year high of $149.30. The business has a fifty day moving average of $130.40 and a 200-day moving average of $136.84.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) 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%. Equities analysts predict that Kimberly-Clark Co. will post 7.51 earnings per share for the current 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 given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.87%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is 66.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KMB shares. Barclays decreased their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Piper Sandler restated an “overweight” rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Citigroup reduced their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.64.

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.