MJP Associates Inc. ADV Takes Position in Kimberly-Clark Co. (NYSE:KMB)

MJP Associates Inc. ADV bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,059 shares of the company's stock, valued at approximately $532,000.

Several other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC grew its position in shares of Kimberly-Clark by 9.1% in the fourth quarter. Lazard Asset Management LLC now owns 664,297 shares of the company's stock valued at $87,049,000 after purchasing an additional 55,395 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $590,000. Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $522,000. Gen Wealth Partners Inc boosted its holdings in shares of Kimberly-Clark by 6.1% during the 4th quarter. Gen Wealth Partners Inc now owns 4,021 shares of the company's stock worth $527,000 after purchasing an additional 231 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 17.0% during the 4th quarter. Gotham Asset Management LLC now owns 151,024 shares of the company's stock worth $19,790,000 after purchasing an additional 21,921 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now directly owns 3,997 shares of the company's stock, valued at approximately $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $133.01 on Monday. The stock's 50-day moving average is $137.87 and its two-hundred day moving average is $134.71. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market cap of $44.13 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the business posted $2.01 EPS. Analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Evercore ISI lowered their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Barclays decreased their price objective on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. UBS Group upped their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. StockNews.com cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $145.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.