Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 15.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,456 shares of the company's stock after selling 3,208 shares during the period. Anchor Investment Management LLC's holdings in Kimberly-Clark were worth $2,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $32,000. Finally, Synergy Asset Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $35,000. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMB. Barclays upped their price target on Kimberly-Clark from $138.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. TD Cowen lowered Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus target price of $146.31.

Kimberly-Clark Price Performance

NYSE KMB traded up $2.98 on Friday, hitting $142.68. The company had a trading volume of 2,108,241 shares, compared to its average volume of 2,131,823. The company has a market capitalization of $47.32 billion, a PE ratio of 18.90, a PEG ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company's fifty day moving average price is $139.52 and its 200-day moving average price is $135.71. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date was Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

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.