Kimberly-Clark Co. (NYSE:KMB) Stock Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 564,182 shares of the company’s stock after purchasing an additional 30,376 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.17% of Kimberly-Clark worth $73,208,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research reports. Citigroup decreased their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $144.85.

Kimberly-Clark Stock Up 0.1 %

KMB opened at $140.73 on Friday. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The business has a 50 day moving average of $136.12 and a 200-day moving average of $136.05. The stock has a market capitalization of $46.67 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 4.46 and a beta of 0.36. 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 posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by company 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.