Millstone Evans Group LLC Invests $119,000 in Kimberly-Clark Co. (NYSE:KMB)

Millstone Evans Group LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 907 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $32,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KMB. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.64.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Down 0.6 %

Shares of KMB stock opened at $138.31 on Friday. Kimberly-Clark Co. has a fifty-two week low of $123.84 and a fifty-two week high of $150.45. The stock has a market cap of $45.87 billion, a P/E ratio of 18.32, a P/E/G ratio of 4.46 and a beta of 0.36. The business has a fifty day simple moving average of $134.84 and a 200-day simple moving average of $136.26. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting 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, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

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.