InvesTrust Buys Shares of 3,213 Kimberly-Clark Co. (NYSE:KMB)

InvesTrust purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,213 shares of the company’s stock, valued at approximately $420,000.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Caprock Group LLC increased its position in Kimberly-Clark by 50.8% during the 2nd quarter. Caprock Group LLC now owns 12,862 shares of the company’s stock valued at $1,793,000 after buying an additional 4,335 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new stake in Kimberly-Clark in the second quarter valued at about $220,000. First Foundation Advisors boosted its holdings in Kimberly-Clark by 14.5% in the second quarter. First Foundation Advisors now owns 1,607 shares of the company’s stock worth $222,000 after acquiring an additional 204 shares in the last quarter. Finally, PFG Investments LLC grew its stake in shares of Kimberly-Clark by 8.2% during the second quarter. PFG Investments LLC now owns 7,210 shares of the company’s stock worth $996,000 after acquiring an additional 546 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

KMB traded down $0.77 during trading on Wednesday, reaching $126.53. The company’s stock had a trading volume of 786,817 shares, compared to its average volume of 1,602,706. The company has a market cap of $42.20 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 2.76 and a beta of 0.41. The firm has a fifty day simple moving average of $133.61 and a two-hundred day simple moving average of $138.68. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 EPS. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Analyst Ratings Changes

KMB has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Wednesday. Barclays lifted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $147.57.

About Kimberly-Clark

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.