Hillsdale Investment Management Inc. Acquires 200 Shares of Kimberly-Clark Co. (NYSE:KMB)

Hillsdale Investment Management Inc. boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,200 shares of the company’s stock after acquiring an additional 200 shares during the period. Hillsdale Investment Management Inc.’s holdings in Kimberly-Clark were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in Kimberly-Clark by 5.2% during the 4th quarter. Sei Investments Co. now owns 299,660 shares of the company’s stock worth $39,267,000 after acquiring an additional 14,831 shares in the last quarter. Plancorp LLC grew its holdings in Kimberly-Clark by 12.9% during the 4th quarter. Plancorp LLC now owns 2,282 shares of the company’s stock worth $299,000 after acquiring an additional 260 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Kimberly-Clark by 44.7% during the fourth quarter. Mizuho Securities USA LLC now owns 31,607 shares of the company’s stock valued at $4,142,000 after buying an additional 9,767 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $1,608,000. Finally, Quantbot Technologies LP bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $2,628,000. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMB. Wells Fargo & Company lowered 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 report on Tuesday, January 7th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target 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. Finally, Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $138.31 on Monday. 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 Co. has a 12 month low of $123.84 and a 12 month high of $150.45. The company has a 50 day simple moving average of $134.84 and a two-hundred day simple moving average of $136.18. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, 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 3.64%. 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

In related news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

Kimberly-Clark 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.