Posted by admin on Jun 30th, 2022

AE Wealth Management LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 11.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 70,063 shares of the company’s stock after buying an additional 7,040 shares during the period. AE Wealth Management LLC’s holdings in Kimberly-Clark were worth $8,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bivin & Associates Inc. bought a new stake in Kimberly-Clark in the 4th quarter valued at $26,000. HWG Holdings LP bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $29,000. Lumature Wealth Partners LLC lifted its position in shares of Kimberly-Clark by 66.4% during the 4th quarter. Lumature Wealth Partners LLC now owns 208 shares of the company’s stock valued at $30,000 after acquiring an additional 83 shares during the period. Capital Analysts LLC lifted its position in shares of Kimberly-Clark by 88.1% during the 4th quarter. Capital Analysts LLC now owns 237 shares of the company’s stock valued at $34,000 after acquiring an additional 111 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 74.32% of the company’s stock.

A number of research firms have recently weighed in on KMB. Morgan Stanley upped their target price on Kimberly-Clark from $133.00 to $137.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Wells Fargo & Company upped their target price on Kimberly-Clark from $128.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $118.00 to $113.00 in a report on Wednesday, March 30th. Finally, The Goldman Sachs Group lowered their price target on Kimberly-Clark from $130.00 to $124.00 in a report on Tuesday, March 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $132.60.

Shares of KMB opened at $134.25 on Thursday. The business has a 50-day simple moving average of $132.98 and a two-hundred day simple moving average of $132.59. Kimberly-Clark Co. has a 12-month low of $117.32 and a 12-month high of $145.79. The stock has a market cap of $45.23 billion, a PE ratio of 25.87, a PEG ratio of 4.62 and a beta of 0.37. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 9.49.

Kimberly-Clark (NYSE:KMB – Get Rating) last released its quarterly earnings results on Friday, April 22nd. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.12. Kimberly-Clark had a return on equity of 253.93% and a net margin of 8.86%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the previous year, the company posted $1.80 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Co. will post 5.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Friday, June 10th will be given a $1.16 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.46%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.40%.

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 15,302 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $142.63, for a total value of $2,182,524.26. Following the transaction, the insider now owns 27,626 shares in the company, valued at $3,940,296.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Doug Cunningham sold 3,627 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $138.00, for a total value of $500,526.00. Following the completion of the transaction, the insider now owns 4,242 shares in the company, valued at approximately $585,396. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,696 shares of company stock worth $8,807,911. 0.55% of the stock is owned by corporate insiders.

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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