OFI Invest Asset Management Purchases New Shares in Kimberly-Clark Co. (NYSE:KMB)

OFI Invest Asset Management purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 300 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Atlantic Union Bankshares Corp raised its position in Kimberly-Clark by 1.4% during the 4th quarter. Atlantic Union Bankshares Corp now owns 7,326 shares of the company’s stock worth $960,000 after buying an additional 100 shares during the last quarter. Amundi raised its position in Kimberly-Clark by 5.4% during the 4th quarter. Amundi now owns 2,401,501 shares of the company’s stock worth $304,439,000 after buying an additional 122,312 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Kimberly-Clark by 10.9% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,545 shares of the company’s stock worth $333,000 after buying an additional 251 shares during the last quarter. Lifeworks Advisors LLC raised its position in Kimberly-Clark by 13.5% during the 4th quarter. Lifeworks Advisors LLC now owns 3,832 shares of the company’s stock worth $502,000 after buying an additional 456 shares during the last quarter. Finally, Intellectus Partners LLC raised its position in Kimberly-Clark by 2.3% during the 4th quarter. Intellectus Partners LLC now owns 7,308 shares of the company’s stock worth $967,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KMB. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. UBS Group upped their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $147.30 on Tuesday. The stock has a market cap of $48.86 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 52 week low of $123.02 and a 52 week high of $150.45. The company’s 50-day moving average price is $132.70 and its 200 day moving average price is $136.48. 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 (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 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%. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal 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 issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.42%. This is a positive change 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%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by insiders.

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.