Webster Bank N. A. Acquires 200 Shares of Kimberly-Clark Co. (NYSE:KMB)

Webster Bank N. A. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,613 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Webster Bank N. A.’s holdings in Kimberly-Clark were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Apexium Financial LP boosted its holdings in shares of Kimberly-Clark by 283.0% during the 4th quarter. Apexium Financial LP now owns 9,253 shares of the company’s stock valued at $1,220,000 after purchasing an additional 6,837 shares during the last quarter. Blue Trust Inc. boosted its stake in Kimberly-Clark by 202.1% during the fourth quarter. Blue Trust Inc. now owns 14,593 shares of the company’s stock valued at $2,076,000 after buying an additional 9,763 shares during the last quarter. PFG Investments LLC grew its holdings in Kimberly-Clark by 17.1% during the 4th quarter. PFG Investments LLC now owns 10,038 shares of the company’s stock valued at $1,315,000 after buying an additional 1,469 shares in the last quarter. Drive Wealth Management LLC increased its stake in Kimberly-Clark by 11.4% in the 4th quarter. Drive Wealth Management LLC now owns 2,396 shares of the company’s stock worth $317,000 after acquiring an additional 245 shares during the last quarter. Finally, Stablepoint Partners LLC raised its holdings in shares of Kimberly-Clark by 1.6% during the 4th quarter. Stablepoint Partners LLC now owns 29,078 shares of the company’s stock worth $3,810,000 after acquiring an additional 470 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 2.2 %

NYSE KMB opened at $131.27 on Tuesday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company’s 50-day moving average price is $131.85 and its 200-day moving average price is $137.56. The stock has a market cap of $43.77 billion, a PE ratio of 17.03, a PEG ratio of 3.53 and a beta of 0.41. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMB. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Barclays reduced their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup dropped their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. UBS Group decreased their price objective on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.71.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

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.