Dickmeyer Boyce Financial Management Inc. purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 8,804 shares of the company’s stock, valued at approximately $849,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 2nd quarter valued at $27,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. boosted its position in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Bank of America reduced their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Piper Sandler increased their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Finally, UBS Group raised their price objective on Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $117.93.
Kimberly-Clark Stock Performance
Kimberly-Clark stock opened at $107.31 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $35.62 billion, a P/E ratio of 16.85, a PEG ratio of 4.85 and a beta of 0.26. The stock’s 50 day moving average is $104.11 and its 200 day moving average is $101.94. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.
Kimberly-Clark Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.8%. Kimberly-Clark’s payout ratio is presently 80.38%.
Insider Transactions at Kimberly-Clark
In related news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by company insiders.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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