Golden State Equity Partners Buys 3,193 Shares of Kimberly-Clark Co. (NYSE:KMB)

Golden State Equity Partners boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 12,772.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,218 shares of the company’s stock after buying an additional 3,193 shares during the quarter. Golden State Equity Partners’ holdings in Kimberly-Clark were worth $422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. lifted its stake in shares of Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after purchasing an additional 71 shares during the period. My Legacy Advisors LLC lifted its stake in shares of Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after purchasing an additional 76 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Kimberly-Clark by 1.5% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares during the period. Graypoint LLC lifted its stake in shares of Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after purchasing an additional 78 shares during the period. Finally, Truvestments Capital LLC raised its position in Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after acquiring an additional 78 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.4 %

Shares of KMB opened at $130.47 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The firm has a 50-day moving average price of $131.20 and a 200 day moving average price of $137.15. The firm has a market capitalization of $43.51 billion, a P/E ratio of 17.28, a P/E/G ratio of 4.16 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KMB shares. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. UBS Group upped their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Finally, Barclays dropped their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.64.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.

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.