Aigen Investment Management LP Increases Stake in Kimberly-Clark Co. (NYSE:KMB)

Aigen Investment Management LP raised its position in Kimberly-Clark Co. (NYSE:KMB) by 215.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,422 shares of the company’s stock after purchasing an additional 5,752 shares during the period. Aigen Investment Management LP’s holdings in Kimberly-Clark were worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Catalina Capital Group LLC lifted its holdings in Kimberly-Clark by 8.7% in the 3rd quarter. Catalina Capital Group LLC now owns 2,138 shares of the company’s stock valued at $304,000 after purchasing an additional 171 shares in the last quarter. Radnor Capital Management LLC purchased a new position in Kimberly-Clark in the 3rd quarter valued at $983,000. Centennial Wealth Advisory LLC raised its holdings in shares of Kimberly-Clark by 2.6% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,261 shares of the company’s stock worth $606,000 after acquiring an additional 106 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of Kimberly-Clark by 3.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,105 shares of the company’s stock worth $1,722,000 after acquiring an additional 402 shares during the period. Finally, Forte Capital LLC ADV raised its holdings in shares of Kimberly-Clark by 5.0% during the 3rd quarter. Forte Capital LLC ADV now owns 12,075 shares of the company’s stock worth $1,718,000 after acquiring an additional 580 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays reduced their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Stock Performance

NYSE KMB opened at $141.79 on Thursday. The company has a market cap of $47.03 billion, a P/E ratio of 18.78, a P/E/G ratio of 4.46 and a beta of 0.36. 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 stock has a 50-day moving average of $131.92 and a two-hundred day moving average of $136.52. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $149.31.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS 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 is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

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.