iA Global Asset Management Inc. Has $3.54 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

iA Global Asset Management Inc. grew its position in Kimberly-Clark Co. (NYSE:KMB) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,986 shares of the company’s stock after purchasing an additional 2,614 shares during the quarter. iA Global Asset Management Inc.’s holdings in Kimberly-Clark were worth $3,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $29,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $139.05 on Friday. The company has a market capitalization of $46.12 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. The stock has a fifty day simple moving average of $134.56 and a 200 day simple moving average of $136.38. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed 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 yield of 3.62%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the 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 sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. TD Cowen cut 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. UBS Group upped their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.64.

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.