Patriot Financial Group Insurance Agency LLC Buys Shares of 5,454 Kimberly-Clark Corporation $KMB

Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,454 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in Kimberly-Clark by 33.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 321,401 shares of the company’s stock worth $31,006,000 after acquiring an additional 80,965 shares during the period. apricus wealth LLC lifted its stake in shares of Kimberly-Clark by 56.9% during the 1st quarter. apricus wealth LLC now owns 42,882 shares of the company’s stock worth $4,137,000 after purchasing an additional 15,545 shares during the period. Advocate Investing Services LLC acquired a new stake in shares of Kimberly-Clark during the first quarter worth $530,000. Pictet Asset Management Holding SA grew its position in shares of Kimberly-Clark by 28.7% in the first quarter. Pictet Asset Management Holding SA now owns 519,663 shares of the company’s stock valued at $50,132,000 after purchasing an additional 115,933 shares during the period. Finally, Sugar Maple Asset Management LLC grew its position in shares of Kimberly-Clark by 83.8% in the first quarter. Sugar Maple Asset Management LLC now owns 4,062 shares of the company’s stock valued at $392,000 after purchasing an additional 1,852 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $109.77 on Wednesday. The company has a market cap of $36.44 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 4.93 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The stock has a 50-day moving average price of $99.80 and a two-hundred day moving average price of $100.88. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.93 EPS. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

Insider Buying and Selling

In other Kimberly-Clark news, 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 transaction, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KMB. 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 research report on Friday, April 10th. UBS Group upped their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Finally, Piper Sandler boosted their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $115.43.

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.