7,344 Shares in Kimberly-Clark Co. (NYSE:KMB) Purchased by Procyon Advisors LLC

Procyon Advisors LLC acquired a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,344 shares of the company's stock, valued at approximately $1,044,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. SageView Advisory Group LLC boosted its holdings in shares of Kimberly-Clark by 4.5% in the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock valued at $224,000 after purchasing an additional 74 shares during the period. Park National Corp OH raised its position in Kimberly-Clark by 2.6% during the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after purchasing an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Kimberly-Clark by 0.5% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,559 shares of the company's stock worth $1,908,000 after buying an additional 78 shares during the period. Ascent Wealth Partners LLC lifted its holdings in shares of Kimberly-Clark by 1.0% in the 4th quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company's stock worth $1,221,000 after buying an additional 90 shares during the period. Finally, Exeter Financial LLC grew its position in shares of Kimberly-Clark by 1.1% during the 1st quarter. Exeter Financial LLC now owns 8,838 shares of the company's stock worth $1,257,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Activity

In related news, insider Katy Chen sold 740 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now owns 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KMB shares. JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Barclays reduced 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 report on Thursday, April 24th. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank of Canada reduced their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company increased their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Trading Down 1.3%

Kimberly-Clark stock opened at $133.55 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $44.31 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The stock has a 50-day moving average of $137.30 and a two-hundred day moving average of $135.46. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.77%. Kimberly-Clark's payout ratio is currently 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.

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