Cowa LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,164 shares of the company’s stock, valued at approximately $925,000.
A number of other institutional investors and hedge funds also recently modified their holdings of KMB. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $27,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.
Kimberly-Clark Stock Down 0.0%
NASDAQ KMB opened at $101.54 on Friday. 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 firm has a 50-day simple moving average of $97.69 and a 200 day simple moving average of $100.95. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46. The stock has a market cap of $33.71 billion, a PE ratio of 15.94, a PEG ratio of 4.56 and a beta of 0.28.
Kimberly-Clark Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.0%. Kimberly-Clark’s payout ratio is 80.38%.
Insider Buying and Selling
In other news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction that occurred 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 legal 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 that occurred 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 transaction, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. 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 sold 7,096 shares of company stock valued at $689,687 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on KMB shares. Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Barclays cut their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Piper Sandler lowered their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. 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 stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $114.93.
View Our Latest Stock Analysis on KMB
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.
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