YHB Investment Advisors Inc. boosted its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,519 shares of the company’s stock after purchasing an additional 83 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Kimberly-Clark were worth $330,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its stake in shares of Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after buying an additional 6,016 shares during the period. Pensionfund Sabic grew its holdings in Kimberly-Clark by 45.5% during the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC raised its stake in shares of Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after acquiring an additional 273,813 shares during the last quarter. Vest Financial LLC raised its stake in shares of Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after acquiring an additional 21,339 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 20.0% during the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after purchasing an additional 466 shares during the period. 76.29% of the stock is currently owned by institutional investors.
Kimberly-Clark Stock Down 1.5 %
Shares of NYSE:KMB opened at $129.49 on Wednesday. The firm has a market cap of $43.18 billion, a P/E ratio of 16.80, a PEG ratio of 3.53 and a beta of 0.41. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The business’s 50 day simple moving average is $131.75 and its two-hundred day simple moving average is $137.49. 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 Increases Dividend
The firm also recently announced 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. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.89%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is currently 63.29%.
Insider Buying and Selling at Kimberly-Clark
In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.62% of the company’s stock.
Analyst Ratings Changes
KMB has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. UBS Group cut their price objective on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays lowered 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 report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $143.71.
Get Our Latest Report on Kimberly-Clark
About Kimberly-Clark
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.
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