West Family Investments Inc. Makes New $334,000 Investment in Kimberly-Clark Co. (NYSE:KMB)

West Family Investments Inc. purchased a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,350 shares of the company's stock, valued at approximately $334,000.

A number of other institutional investors have also recently made changes to their positions in KMB. Elevate Capital Advisors LLC boosted its stake in Kimberly-Clark by 46.4% during the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after buying an additional 3,944 shares during the last quarter. Schroder Investment Management Group boosted its stake in Kimberly-Clark by 2.8% during the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company's stock worth $60,615,000 after buying an additional 12,768 shares during the last quarter. Unigestion Holding SA raised its position in Kimberly-Clark by 8.2% in the first quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after purchasing an additional 9,643 shares during the period. Farmers Trust Co. raised its position in Kimberly-Clark by 108.6% in the first quarter. Farmers Trust Co. now owns 45,088 shares of the company's stock valued at $6,412,000 after purchasing an additional 23,472 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after purchasing an additional 718,720 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $0.56 during mid-day trading on Friday, hitting $127.35. 1,051,733 shares of the company were exchanged, compared to its average volume of 2,215,341. 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 business's 50 day simple moving average is $133.91 and its two-hundred day simple moving average is $134.59. The company has a market capitalization of $42.26 billion, a P/E ratio of 16.87, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter last year, the firm earned $2.01 earnings per share. Analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.96%. The ex-dividend date was Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Analyst Ratings Changes

A number of research firms have commented on KMB. Evercore ISI reduced their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Royal Bank Of Canada reduced their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group reduced their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Piper Sandler began coverage on Kimberly-Clark in a research report on Friday. They issued an "overweight" rating and a $144.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and a consensus target price of $141.50.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the transaction, the insider directly owned 3,098 shares of the company's stock, valued at $405,032.52. This trade represents a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by company insiders.

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.