Strategic Financial Concepts LLC Makes New $33,000 Investment in Kimberly-Clark Co. (NYSE:KMB)

Strategic Financial Concepts LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 22,790 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth $29,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $32,000. Roxbury Financial LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $33,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $35,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Two investment 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Price Performance

KMB stock opened at $140.28 on Friday. The firm’s 50-day moving average price is $130.19 and its two-hundred day moving average price is $136.48. Kimberly-Clark Co. has a 12-month low of $118.62 and a 12-month high of $149.30. The stock has a market capitalization of $46.53 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 4.42 and a beta of 0.41. 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 (NYSE:KMB) last released 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%. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. 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. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.59%. Kimberly-Clark’s payout ratio is presently 64.64%.

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.