Avidian Wealth Enterprises LLC Purchases 2,441 Shares of Kimberly-Clark Co. (NYSE:KMB)

Avidian Wealth Enterprises LLC increased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 62.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,333 shares of the company's stock after purchasing an additional 2,441 shares during the period. Avidian Wealth Enterprises LLC's holdings in Kimberly-Clark were worth $901,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of Kimberly-Clark in the 1st quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at $29,000. OFI Invest Asset Management purchased a new stake in Kimberly-Clark in the 4th quarter valued at $38,000. Menard Financial Group LLC purchased a new stake in Kimberly-Clark in the 4th quarter valued at $38,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Kimberly-Clark in the 4th quarter valued at $44,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Barclays decreased their target price 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. Royal Bank Of Canada decreased their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler decreased their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus price target of $143.50.

Kimberly-Clark Trading Up 0.8%

Shares of KMB opened at $127.89 on Monday. The business has a 50-day moving average of $134.63 and a 200 day moving average of $134.76. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a market cap of $42.44 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the company earned $2.01 EPS. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.94%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction dated 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 owns 3,997 shares in the company, valued at approximately $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 can be accessed through this link. 0.64% of the stock is owned by corporate 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.

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