Fisher Funds Management LTD Invests $3.13 Million in Kimberly-Clark Co. (NYSE:KMB)

Fisher Funds Management LTD purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,992 shares of the company’s stock, valued at approximately $3,127,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Private Advisor Group LLC lifted its holdings in shares of Kimberly-Clark by 2.6% in the third quarter. Private Advisor Group LLC now owns 37,175 shares of the company’s stock valued at $5,289,000 after purchasing an additional 928 shares in the last quarter. International Assets Investment Management LLC raised its position in Kimberly-Clark by 13,351.7% during the third quarter. International Assets Investment Management LLC now owns 311,273 shares of the company’s stock valued at $44,288,000 after buying an additional 308,959 shares during the period. Assenagon Asset Management S.A. lifted its stake in Kimberly-Clark by 241.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 38,613 shares of the company’s stock worth $5,494,000 after acquiring an additional 27,307 shares in the last quarter. Forsta AP Fonden boosted its position in Kimberly-Clark by 3.7% during the 3rd quarter. Forsta AP Fonden now owns 123,900 shares of the company’s stock worth $17,628,000 after acquiring an additional 4,400 shares during the period. Finally, PFG Investments LLC grew its stake in Kimberly-Clark by 18.8% during the 3rd quarter. PFG Investments LLC now owns 8,569 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group lifted their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

KMB opened at $140.28 on Monday. 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 company has a market cap of $46.53 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. The stock has a 50-day moving average of $130.37 and a 200-day moving average of $136.46. Kimberly-Clark Co. has a 52-week low of $118.62 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. The ex-dividend date is Friday, March 7th. 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 3.59%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.64%.

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.