Frank Rimerman Advisors LLC Has $443,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Frank Rimerman Advisors LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 26.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,379 shares of the company’s stock after acquiring an additional 703 shares during the period. Frank Rimerman Advisors LLC’s holdings in Kimberly-Clark were worth $443,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Empowered Funds LLC lifted its holdings in shares of Kimberly-Clark by 40.2% in the third quarter. Empowered Funds LLC now owns 54,019 shares of the company’s stock valued at $7,686,000 after purchasing an additional 15,482 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Kimberly-Clark by 68.4% in the third quarter. Mizuho Securities USA LLC now owns 43,713 shares of the company’s stock valued at $6,219,000 after purchasing an additional 17,749 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Kimberly-Clark by 84.1% in the third quarter. Natixis Advisors LLC now owns 216,748 shares of the company’s stock valued at $30,839,000 after purchasing an additional 99,011 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in shares of Kimberly-Clark in the third quarter valued at approximately $208,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Kimberly-Clark by 15.3% in the third quarter. Thrivent Financial for Lutherans now owns 33,444 shares of the company’s stock valued at $4,759,000 after purchasing an additional 4,426 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In other news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $139.79 on Monday. The stock has a market cap of $46.36 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a fifty-two week low of $123.02 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day moving average of $133.53 and a 200-day moving average of $136.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly 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 return on equity of 201.43% and a net margin of 12.69%. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. Kimberly-Clark’s payout ratio is 66.75%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMB. UBS Group raised their target price on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Citigroup dropped their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.64.

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.