Cornerstone Wealth Group LLC Boosts Holdings in Kimberly-Clark Co. (NYSE:KMB)

Cornerstone Wealth Group LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,739 shares of the company’s stock after purchasing an additional 163 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Kimberly-Clark were worth $532,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter valued at about $29,000. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $38,000. Menard Financial Group LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at about $38,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $44,000. Finally, Whipplewood Advisors LLC boosted its stake in Kimberly-Clark by 329.6% in the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company’s stock worth $47,000 after purchasing an additional 234 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.1%

Shares of KMB opened at $129.95 on Wednesday. The company has a market capitalization of $43.12 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock’s 50-day moving average price is $135.48 and its 200-day moving average price is $134.82. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the firm posted $2.01 EPS. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.88%. Kimberly-Clark’s payout ratio is 68.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMB. Wall Street Zen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. UBS Group upped their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Barclays lowered their price target on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Piper Sandler dropped their price target on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Finally, Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.50.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the transaction, the insider now owns 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.64% of the company’s stock.

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.