Dover Advisors LLC Purchases New Stake in Kimberly-Clark Co. (NYSE:KMB)

Dover Advisors LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,335 shares of the company's stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $25,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $29,000. Roxbury Financial LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $34,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $35,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Katy Chen sold 740 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider now directly owns 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler lowered their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Evercore ISI lowered their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Finally, Barclays reduced their price objective on 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $143.73.

Kimberly-Clark Stock Performance

KMB stock traded down $3.05 during trading on Friday, reaching $130.84. 1,837,762 shares of the company's stock were exchanged, compared to its average volume of 2,174,788. 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 Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company's fifty day moving average price is $136.70 and its 200-day moving average price is $135.25. The firm has a market cap of $43.41 billion, a PE ratio of 17.33, a P/E/G ratio of 4.46 and a beta of 0.38.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.85%. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Kimberly-Clark Company 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.