Kimberly-Clark Corporation $KMB Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 46.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,159 shares of the company’s stock after purchasing an additional 11,758 shares during the period. NEOS Investment Management LLC’s holdings in Kimberly-Clark were worth $4,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KMB. Cloud Capital Management LLC bought a new position in shares of Kimberly-Clark in the third quarter worth $25,000. True Wealth Design LLC grew its position 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 buying an additional 135 shares in the last quarter. Princeton Global Asset Management LLC increased its stake in Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares during the period. Winnow Wealth LLC acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $27,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $27,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Evercore reiterated an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Citigroup dropped their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $119.00.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $109.90 on Thursday. The stock’s fifty day simple moving average is $101.83 and its 200 day simple moving average is $113.40. The stock has a market capitalization of $36.48 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 4.22 and a beta of 0.26. 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 Corporation has a 52-week low of $96.26 and a 52-week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 83.03%.

Kimberly-Clark Profile

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.