Norden Group LLC Buys 490 Shares of Kimberly-Clark Co. (NYSE:KMB)

Norden Group LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,843 shares of the company’s stock after purchasing an additional 490 shares during the quarter. Norden Group LLC’s holdings in Kimberly-Clark were worth $1,028,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the third quarter worth $29,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at $33,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

Shares of KMB opened at $142.00 on Monday. The business’s 50-day moving average is $131.31 and its two-hundred day moving average is $136.48. The company has a market capitalization of $47.10 billion, a P/E ratio of 18.81, a P/E/G ratio of 4.46 and a beta of 0.41. Kimberly-Clark Co. has a fifty-two week low of $122.98 and a fifty-two week high of $149.31. 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 (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.55%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is 66.75%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the transaction, the vice president now owns 2,553 shares of the company’s stock, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KMB. TD Cowen downgraded 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. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Wells Fargo & Company cut their price target 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, Barclays lowered their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $143.64.

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.