GWN Securities Inc. Invests $1.47 Million in Kimberly-Clark Co. (NYSE:KMB)

GWN Securities Inc. purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,448 shares of the company’s stock, valued at approximately $1,470,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pollock Investment Advisors LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $359,000. one8zero8 LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $1,028,000. Choate Investment Advisors lifted its stake in Kimberly-Clark by 233.7% in the fourth quarter. Choate Investment Advisors now owns 5,360 shares of the company’s stock valued at $702,000 after buying an additional 3,754 shares during the period. Frank Rimerman Advisors LLC lifted its stake in Kimberly-Clark by 26.3% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,379 shares of the company’s stock valued at $443,000 after buying an additional 703 shares during the period. Finally, Van Strum & Towne Inc. lifted its stake in Kimberly-Clark by 11.1% in the fourth quarter. Van Strum & Towne Inc. now owns 3,000 shares of the company’s stock valued at $393,000 after buying an additional 300 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $139.79 on Friday. The business has a 50 day moving average of $133.53 and a 200 day moving average of $136.45. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is 66.75%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Piper Sandler reissued an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Citigroup lowered their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $143.64.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.62% 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.