Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,448 shares of the company’s stock after purchasing an additional 1,078 shares during the quarter. CIBC Asset Management Inc’s holdings in Kimberly-Clark were worth $13,949,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KMB. Park Avenue Securities LLC lifted its stake in shares of Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after buying an additional 6,016 shares in the last quarter. Pensionfund Sabic lifted its stake in shares of Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after buying an additional 4,000 shares in the last quarter. Barclays PLC lifted its stake in shares of Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after buying an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 20.0% in the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after buying an additional 466 shares in the last quarter. Finally, West Oak Capital LLC lifted its stake in shares of Kimberly-Clark by 20,377.6% in the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock worth $4,428,000 after buying an additional 33,623 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Up 2.3 %

NYSE KMB opened at $135.66 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $118.62 and a 52 week high of $149.30. The stock has a market capitalization of $45.24 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. The firm has a 50 day moving average of $129.84 and a two-hundred day moving average of $136.49.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting 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, research analysts expect that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared 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 represents a $5.04 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 64.64%.

Wall Street Analyst Weigh In

KMB has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. 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 research note on Friday, January 17th. Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.