Kimberly-Clark Co. (NYSE:KMB) Holdings Raised by Mengis Capital Management Inc.

Mengis Capital Management Inc. grew its position in Kimberly-Clark Co. (NYSE:KMB) by 34.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,277 shares of the company’s stock after acquiring an additional 3,690 shares during the quarter. Mengis Capital Management Inc.’s holdings in Kimberly-Clark were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in KMB. OFI Invest Asset Management bought a new position in Kimberly-Clark during the 3rd quarter worth $25,000. Cranbrook Wealth Management LLC grew its stake in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Centerpoint Advisors LLC grew its stake in Kimberly-Clark by 175.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark during the 4th quarter worth $35,000. Finally, Legacy Financial Group LLC bought a new position in Kimberly-Clark during the 3rd quarter worth $37,000. 76.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now owns 827 shares in the company, valued at approximately $100,050.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 1.6 %

NYSE:KMB traded up $2.05 during trading hours on Monday, hitting $128.88. 1,429,521 shares of the company’s stock traded hands, compared to its average volume of 2,142,095. The firm has a market cap of $43.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 3.77 and a beta of 0.40. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The stock’s fifty day moving average price is $124.26 and its two-hundred day moving average price is $122.36.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 6.84 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were given a $1.22 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 annualized dividend and a yield of 3.79%. The ex-dividend date was Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 93.85%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. HSBC boosted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays boosted their price target on Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $131.85.

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.