B. Riley Wealth Advisors Inc. Sells 2,262 Shares of Kimberly-Clark Co. (NYSE:KMB)

B. Riley Wealth Advisors Inc. decreased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,530 shares of the company's stock after selling 2,262 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Kimberly-Clark were worth $1,261,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in Kimberly-Clark during the 4th quarter valued at $25,000. Minot DeBlois Advisors LLC bought a new position in Kimberly-Clark during the 4th quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at about $33,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $0.06 during midday trading on Friday, reaching $143.90. The stock had a trading volume of 3,382,846 shares, compared to its average volume of 2,179,610. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The firm's 50-day moving average price is $137.66 and its 200 day moving average price is $135.38. The firm has a market capitalization of $47.75 billion, a PE ratio of 19.06, a P/E/G ratio of 4.46 and a beta of 0.35. 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 (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the prior year, the company posted $2.01 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 dividend on an annualized basis and a dividend yield of 3.50%. Kimberly-Clark's payout ratio is 68.66%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group raised their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Piper Sandler dropped their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays lowered their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $145.08.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the company'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 now directly owns 3,098 shares in the company, valued at $405,032.52. This represents a 36.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

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.