QRG Capital Management Inc. Purchases 48,084 Shares of Kimberly-Clark Co. (NYSE:KMB)

QRG Capital Management Inc. raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 86.6% in the fourth quarter, HoldingsChannel reports. The firm owned 103,589 shares of the company’s stock after acquiring an additional 48,084 shares during the period. QRG Capital Management Inc.’s holdings in Kimberly-Clark were worth $13,574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kimberly-Clark during the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the 3rd quarter valued at $29,000. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $33,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 0.8 %

Shares of KMB stock opened at $140.28 on Friday. Kimberly-Clark Co. has a 1-year low of $120.53 and a 1-year high of $149.30. The stock’s fifty day moving average price is $131.10 and its 200 day moving average price is $136.50. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market cap of $46.53 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted 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%. On average, research analysts expect that Kimberly-Clark Co. 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 Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is presently 66.75%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Citigroup cut 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. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Finally, UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

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

About Kimberly-Clark

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.