FNY Investment Advisers LLC Purchases New Holdings in Kimberly-Clark Corporation $KMB

FNY Investment Advisers LLC acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,758 shares of the company’s stock, valued at approximately $1,791,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Monarch Capital Management Inc. lifted its position in shares of Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after acquiring an additional 81 shares during the period. Deseret Mutual Benefit Administrators increased its position in shares of Kimberly-Clark by 3.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after purchasing an additional 87 shares during the period. Bill Few Associates Inc. raised its stake in Kimberly-Clark by 2.2% in the third quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock valued at $595,000 after purchasing an additional 103 shares in the last quarter. NTV Asset Management LLC lifted its position in Kimberly-Clark by 4.1% during the third quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock worth $328,000 after purchasing an additional 103 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its position in Kimberly-Clark by 1.8% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,729 shares of the company’s stock worth $712,000 after purchasing an additional 104 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler decreased their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Barclays set a $102.00 price target on shares of Kimberly-Clark in a report on Friday, January 16th. Citigroup decreased their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. UBS Group boosted their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $115.85.

Kimberly-Clark Stock Down 1.5%

KMB stock opened at $96.13 on Friday. The firm has a 50-day moving average price of $103.10 and a 200-day moving average price of $107.25. Kimberly-Clark Corporation has a 12 month low of $94.54 and a 12 month high of $147.12. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The stock has a market capitalization of $31.91 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 3.58 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS. As a group, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.