Mystic Asset Management Inc. Has $2.56 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Mystic Asset Management Inc. lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 30.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,528 shares of the company’s stock after purchasing an additional 4,563 shares during the period. Mystic Asset Management Inc.’s holdings in Kimberly-Clark were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KMB. State Street Corp raised its stake in shares of Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Kimberly-Clark in the fourth quarter valued at $127,436,000. Sarasin & Partners LLP raised its position in Kimberly-Clark by 140.1% during the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock worth $129,506,000 after purchasing an additional 576,610 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Kimberly-Clark by 1,427.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after purchasing an additional 551,158 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Kimberly-Clark by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after buying an additional 529,223 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $139.98 on Tuesday. The business’s fifty day moving average is $133.81 and its 200 day moving average is $136.38. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $46.43 billion, a P/E ratio of 18.54, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts anticipate that Kimberly-Clark Co. 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 Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target 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. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Barclays dropped 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $143.64.

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.