5 Dividend Stocks to Buy According to Billionaire Jeffrey Talpins

3. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 32
Element Capital Management’s Stake Value: $14,932,000
Dividend Yield as of March 9: 3.71%

Kimberly-Clark Corporation (NYSE:KMB) is an American manufacturing company that specializes in the production of paper-based consumer products. Element Capital started building its position in the company during Q4 2021, with shares worth roughly $15 million. The Texas-based company constituted 0.96% of Jeffrey Talpins’ portfolio.

As per Insider Monkey’s Q4 2021 data, 32 hedge funds held positions in Kimberly-Clark Corporation (NYSE:KMB), with stakes valued at over $309 million. In the previous quarter, 28 hedge funds held stakes in the company, worth $410.4 million.

On January 26, Kimberly-Clark Corporation (NYSE:KMB) announced a 2% increase in its quarterly dividend at $1.16 per share. As of March 9, the stock’s dividend yield was recorded to be at 3.71%. 2022 marked the company’s 50^th consecutive year of dividend growth. This January, JPMorgan raised its price target on Kimberly-Clark Corporation (NYSE:KMB) to $127, with an Underweight rating on the shares.