Silver Lake Advisory LLC Raises Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Silver Lake Advisory LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,000 shares of the company’s stock after acquiring an additional 104 shares during the quarter. Silver Lake Advisory LLC’s holdings in Kimberly-Clark were worth $1,707,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares during the period. Howard Capital Management Inc. increased its position in shares of Kimberly-Clark by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,120 shares of the company’s stock worth $278,000 after acquiring an additional 108 shares during the period. South Dakota Investment Council bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $183,000. IFP Advisors Inc boosted its holdings in shares of Kimberly-Clark by 5.4% in the fourth quarter. IFP Advisors Inc now owns 7,029 shares of the company’s stock valued at $925,000 after purchasing an additional 363 shares during the period. Finally, Sentry Investment Management LLC bought a new position in Kimberly-Clark in the fourth quarter worth approximately $167,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. Piper Sandler decreased their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted 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. Royal Bank Of Canada lowered their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $143.50.

Kimberly-Clark Stock Down 0.1%

NYSE:KMB opened at $129.95 on Wednesday. The company’s 50-day simple moving average is $135.48 and its 200-day simple moving average is $134.82. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The stock has a market capitalization of $43.12 billion, a P/E ratio of 17.21, a P/E/G ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (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 net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the company earned $2.01 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.88%. Kimberly-Clark’s dividend payout ratio (DPR) is 68.66%.

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.