Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. raised its position in Kimberly-Clark Co. (NYSE:KMB) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,055 shares of the company’s stock after buying an additional 774 shares during the period. Navellier & Associates Inc.’s holdings in Kimberly-Clark were worth $2,497,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 3rd quarter worth approximately $29,000. Golden State Wealth Management LLC purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $32,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $33,000. Finally, Roxbury Financial LLC purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMB. Citigroup decreased their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Barclays decreased their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company decreased their target price on shares of 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 reissued an “overweight” rating and issued a $158.00 target price (down 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, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Up 0.9 %

Kimberly-Clark stock opened at $140.28 on Friday. Kimberly-Clark Co. has a fifty-two week low of $118.62 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a 50 day moving average price of $130.19 and a 200 day moving average price of $136.48. The company has a market capitalization of $46.53 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 4.42 and a beta of 0.41.

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

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. Kimberly-Clark’s payout ratio is 64.64%.

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.