Adams Asset Advisors LLC Increases Stock Position in Kimberly-Clark Corporation $KMB

Adams Asset Advisors LLC grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,671 shares of the company’s stock after acquiring an additional 8,214 shares during the period. Kimberly-Clark comprises approximately 1.1% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Adams Asset Advisors LLC’s holdings in Kimberly-Clark were worth $8,038,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KMB. Centennial Wealth Advisory LLC grew its position in shares of Kimberly-Clark by 5.8% during the 4th quarter. Centennial Wealth Advisory LLC now owns 4,083 shares of the company’s stock valued at $412,000 after acquiring an additional 224 shares during the period. ORG Wealth Partners LLC increased its stake in shares of Kimberly-Clark by 15.2% in the 4th quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after purchasing an additional 114 shares in the last quarter. First City Capital Management Inc. acquired a new position in Kimberly-Clark in the 4th quarter worth about $342,000. Lantz Financial LLC raised its holdings in Kimberly-Clark by 93.7% in the 4th quarter. Lantz Financial LLC now owns 4,971 shares of the company’s stock worth $502,000 after purchasing an additional 2,405 shares during the period. Finally, Thompson Investment Management Inc. boosted its position in Kimberly-Clark by 67.2% during the fourth quarter. Thompson Investment Management Inc. now owns 52,771 shares of the company’s stock worth $5,324,000 after purchasing an additional 21,202 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $98.66 on Monday. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $147.12. 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 stock’s fifty day moving average is $103.43 and its two-hundred day moving average is $107.86. The firm has a market capitalization of $32.75 billion, a P/E ratio of 16.25, a PEG ratio of 3.51 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. Research analysts expect 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. Investors of record on Friday, March 6th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is 84.35%.

Wall Street Analyst Weigh In

KMB has been the subject of several recent analyst reports. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a report on Tuesday, February 17th. UBS Group increased their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Citigroup cut their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price 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.