Kimberly-Clark Co. (NYSE:KMB) Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 0.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 50,420 shares of the company’s stock after acquiring an additional 173 shares during the period. SlateStone Wealth LLC’s holdings in Kimberly-Clark were worth $7,171,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KMB. First Pacific Financial acquired a new stake in shares of Kimberly-Clark in the 1st quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at about $29,000. Rossby Financial LCC purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at about $37,000. Menard Financial Group LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at about $38,000. Finally, Whipplewood Advisors LLC increased its holdings in shares of Kimberly-Clark by 329.6% in the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company’s stock valued at $47,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KMB shares. UBS Group cut their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price target for the company. Royal Bank Of Canada cut their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Finally, Barclays cut their price target on shares of Kimberly-Clark from $135.00 to $134.00 and set an “equal weight” rating for the company in a report on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.90.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider directly owned 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $127.93 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a 50-day moving average price of $132.40 and a two-hundred day moving average price of $134.60. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a market capitalization of $42.45 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.94%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

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.