Capital Management Associates Inc Raises Stake in Kimberly-Clark Corporation $KMB

Capital Management Associates Inc boosted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 333.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,455 shares of the company’s stock after acquiring an additional 5,735 shares during the period. Capital Management Associates Inc’s holdings in Kimberly-Clark were worth $752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cidel Asset Management Inc. raised its stake in Kimberly-Clark by 14.9% in the fourth quarter. Cidel Asset Management Inc. now owns 2,064 shares of the company’s stock valued at $208,000 after buying an additional 268 shares in the last quarter. Sowell Financial Services LLC boosted its position in shares of Kimberly-Clark by 2.7% during the 4th quarter. Sowell Financial Services LLC now owns 5,718 shares of the company’s stock worth $577,000 after acquiring an additional 150 shares in the last quarter. Independence Bank of Kentucky increased its holdings in shares of Kimberly-Clark by 17.1% in the 4th quarter. Independence Bank of Kentucky now owns 1,476 shares of the company’s stock valued at $149,000 after acquiring an additional 216 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Kimberly-Clark by 233.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 690 shares of the company’s stock valued at $70,000 after acquiring an additional 483 shares during the last quarter. Finally, Sovran Advisors LLC raised its position in shares of Kimberly-Clark by 34.3% during the 4th quarter. Sovran Advisors LLC now owns 5,156 shares of the company’s stock worth $518,000 after acquiring an additional 1,318 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KMB shares. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Citigroup reduced their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.85.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

KMB stock opened at $96.13 on Monday. The stock has a market capitalization of $31.91 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 3.52 and a beta of 0.28. The company has a fifty day moving average of $102.98 and a 200-day moving average of $106.79. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. Kimberly-Clark Corporation has a one year low of $94.54 and a one year high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 earnings per share. As a group, analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

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