Joel Adams & Associates Inc. Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Joel Adams & Associates Inc. acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,759 shares of the company’s stock, valued at approximately $230,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KMB shares. Barclays decreased their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. 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 report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Up 2.3 %

Shares of NYSE KMB opened at $135.66 on Wednesday. Kimberly-Clark Co. has a one year low of $118.62 and a one year high of $149.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business’s fifty day moving average price is $129.84 and its 200-day moving average price is $136.49. The stock has a market capitalization of $45.00 billion, a PE ratio of 17.97, a P/E/G ratio of 4.25 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS 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 year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend 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 currently 64.64%.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

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.