Catalyst Capital Advisors LLC Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Catalyst Capital Advisors LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 726 shares of the company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KMB. Nicholas Hoffman & Company LLC. grew its position in shares of Kimberly-Clark by 1.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 10,436 shares of the company’s stock valued at $1,368,000 after purchasing an additional 199 shares during the period. Sierra Ocean LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $34,000. MOKAN Wealth Management Inc. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $598,000. Secured Retirement Advisors LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $650,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $33,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 2.3 %

NYSE KMB opened at $135.66 on Wednesday. The company has a market cap of $45.24 billion, a PE ratio of 17.97, a PEG ratio of 4.12 and a beta of 0.41. 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 Co. has a 12 month low of $118.62 and a 12 month high of $149.30. The stock has a 50 day moving average of $129.84 and a 200-day moving average of $136.49.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results 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%. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.72%. 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. Kimberly-Clark’s dividend payout ratio is 64.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KMB shares. Barclays decreased their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday. 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 report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine 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 $143.64.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

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.