apricus wealth LLC Acquires 19,883 Shares of Kimberly-Clark Corporation $KMB

apricus wealth LLC grew its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 266.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,337 shares of the company’s stock after acquiring an additional 19,883 shares during the quarter. apricus wealth LLC’s holdings in Kimberly-Clark were worth $2,758,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter valued at approximately $25,000. True Wealth Design LLC lifted its stake 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 purchasing an additional 135 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the second quarter valued at approximately $27,000. Investors Research Corp bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $33,000. Finally, West Oak Capital LLC grew its stake in shares of Kimberly-Clark by 69.7% during the third quarter. West Oak Capital LLC now owns 280 shares of the company’s stock worth $35,000 after buying an additional 115 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. Citigroup dropped their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Barclays set a $102.00 price objective on Kimberly-Clark in a research report on Friday, January 16th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. BNP Paribas Exane reissued a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. Finally, TD Cowen lowered their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $115.85.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $96.35 on Tuesday. The stock has a market cap of $31.98 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 3.51 and a beta of 0.24. Kimberly-Clark Corporation has a twelve month low of $96.13 and a twelve month high of $147.12. The company’s fifty day moving average is $103.37 and its 200 day moving average is $107.62. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

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

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is 84.35%.

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.