Financial Solutions Advisory Group Inc. bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the first quarter, HoldingsChannel reports. The fund bought 7,177 shares of the company’s stock, valued at approximately $692,000.
Several other large investors also recently modified their holdings of the business. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $27,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the period. 76.29% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on KMB shares. Bank of America cut their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Barclays raised their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. UBS Group boosted their price objective on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Piper Sandler upped their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.93.
Kimberly-Clark Trading Down 0.8%
NASDAQ KMB opened at $109.31 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The stock’s 50 day moving average price is $105.76 and its two-hundred day moving average price is $102.46. The stock has a market capitalization of $36.28 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 4.90 and a beta of 0.26.
Kimberly-Clark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.
Insiders Place Their Bets
In related news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.75% of the company’s stock.
About Kimberly-Clark
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.
Featured Articles
- Five stocks we like better than Kimberly-Clark
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NASDAQ:KMB – Free Report).
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.
