Alpha Omega Wealth Management LLC bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 35,218 shares of the company's stock, valued at approximately $3,553,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterneck Capital Management LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $448,000. Westbourne Investments Inc. bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $434,000. V Square Quantitative Management LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $875,000. Powers Advisory Group LLC increased its holdings in shares of Kimberly-Clark by 4.7% during the 4th quarter. Powers Advisory Group LLC now owns 4,881 shares of the company's stock worth $492,000 after purchasing an additional 217 shares during the period. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of Kimberly-Clark by 49.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 5,949 shares of the company's stock worth $600,000 after purchasing an additional 1,973 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.
Insider Buying and Selling at Kimberly-Clark
In other news, VP Andrew Scribner sold 3,049 shares of the firm's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company's stock.
Analyst Ratings Changes
KMB has been the topic of several research reports. Zacks Research downgraded shares of Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 13th. TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, January 8th. Citigroup lowered their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating on the stock in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $114.69.
Read Our Latest Report on Kimberly-Clark
Kimberly-Clark Stock Performance
NASDAQ KMB opened at $97.96 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. The stock has a market cap of $32.52 billion, a P/E ratio of 16.14, a PEG ratio of 3.56 and a beta of 0.28. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30. The company's 50-day simple moving average is $102.68 and its 200 day simple moving average is $106.25.
Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.26. The ex-dividend date was Friday, March 6th. Kimberly-Clark's dividend payout ratio is 84.35%.
Trending Headlines about Kimberly-Clark
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About Kimberly-Clark
(
Free Report)
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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