Centricity Wealth Management LLC Invests $143,000 in Kimberly-Clark Co. (NYSE:KMB)

Centricity Wealth Management LLC bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,094 shares of the company’s stock, valued at approximately $143,000.

Several other hedge funds also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. UBS Group increased their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Barclays decreased their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Trading Up 0.7 %

NYSE KMB opened at $138.85 on Friday. The stock has a market cap of $46.05 billion, a P/E ratio of 18.39, a PEG ratio of 4.42 and a beta of 0.41. The company’s fifty day simple moving average is $130.03 and its 200-day simple moving average is $136.46. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $118.62 and a 52 week high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 64.64%.

Kimberly-Clark Company 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.