Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Horizon Investments LLC

Horizon Investments LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,668 shares of the company’s stock after acquiring an additional 303 shares during the period. Horizon Investments LLC’s holdings in Kimberly-Clark were worth $743,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on KMB shares. UBS Group boosted their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $139.75 on Thursday. The company’s fifty day moving average price is $134.31 and its two-hundred day moving average price is $136.37. 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 firm has a market capitalization of $46.35 billion, a P/E ratio of 18.51, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 12 month low of $123.02 and a 12 month high of $150.45.

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%. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share 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 issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.61%. Kimberly-Clark’s dividend 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.