New England Research & Management Inc. Purchases 12,375 Shares of Kimberly-Clark Corporation $KMB

New England Research & Management Inc. lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 124.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,324 shares of the company’s stock after purchasing an additional 12,375 shares during the quarter. New England Research & Management Inc.’s holdings in Kimberly-Clark were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KMB. Cloud Capital Management LLC bought a new position in Kimberly-Clark in the third quarter worth $25,000. True Wealth Design LLC increased its holdings in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $27,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Kimberly-Clark by 105.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares during the period. Finally, Investors Research Corp bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $98.25 on Friday. The business’s fifty day moving average is $103.45 and its two-hundred day moving average is $109.06. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The firm has a market cap of $32.61 billion, a P/E ratio of 16.19, a P/E/G ratio of 3.49 and a beta of 0.24. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the company posted $1.50 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is 84.35%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. UBS Group upped their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. BNP Paribas Exane reissued a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Piper Sandler cut their target price on 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, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $116.42.

About Kimberly-Clark

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.