Wood Tarver Financial Group LLC Takes $142,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Wood Tarver Financial Group LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,085 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors also recently made changes to their positions in KMB. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after buying an additional 4,603,787 shares during the period. Norges Bank purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at $582,592,000. First Trust Advisors LP grew its stake in shares of Kimberly-Clark by 163.1% during the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock valued at $280,786,000 after buying an additional 1,328,341 shares during the period. Invesco Ltd. grew its stake in shares of Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after buying an additional 1,015,141 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Kimberly-Clark during the 4th quarter worth $127,436,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $142.90 on Wednesday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a 50-day moving average of $137.31 and a two-hundred day moving average of $135.13. The stock has a market cap of $47.42 billion, a P/E ratio of 18.93, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted $2.01 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.53%. Kimberly-Clark’s payout ratio is 68.66%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katy Chen sold 1,794 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the transaction, the insider now directly owns 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,372 shares of company stock valued at $1,858,684. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Barclays decreased their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Piper Sandler decreased their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. UBS Group upped their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.08.

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.