Elo Mutual Pension Insurance Co Acquires 5,925 Shares of Kimberly-Clark Co. (NYSE:KMB)

Elo Mutual Pension Insurance Co grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 19.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 35,647 shares of the company’s stock after purchasing an additional 5,925 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Kimberly-Clark were worth $4,671,000 as of its most recent SEC filing.

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

Kimberly-Clark Stock Up 0.7 %

Kimberly-Clark stock opened at $140.55 on Friday. The firm has a 50 day moving average price of $135.86 and a two-hundred day moving average price of $136.09. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $123.84 and a 52-week high of $150.45. The firm has a market cap of $46.61 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMB. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $144.50.

Kimberly-Clark Company 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.