Bryce Point Capital LLC Invests $515,000 in Kimberly-Clark Co. (NYSE:KMB)

Bryce Point Capital LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,932 shares of the company’s stock, valued at approximately $515,000.

Several other institutional investors have also bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark during the fourth quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter worth approximately $32,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark during the 4th quarter valued at $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $145.16 on Friday. The stock has a market cap of $48.14 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a 12 month low of $123.84 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 business has a fifty day simple moving average of $137.46 and a 200-day simple moving average of $136.03.

Kimberly-Clark (NYSE:KMB) last released its 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%. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company raised their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $144.85.

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.