Brookstone Capital Management Purchases 2,972 Shares of Kimberly-Clark Co. (NYSE:KMB)

Brookstone Capital Management increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 88,171 shares of the company's stock after acquiring an additional 2,972 shares during the period. Brookstone Capital Management's holdings in Kimberly-Clark were worth $12,540,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KMB. Brighton Jones LLC lifted its holdings in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after buying an additional 2,765 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Kimberly-Clark by 65.3% during the 4th quarter. Jones Financial Companies Lllp now owns 13,470 shares of the company's stock valued at $1,765,000 after purchasing an additional 5,323 shares during the last quarter. Mission Wealth Management LP bought a new stake in Kimberly-Clark in the 4th quarter valued at $210,000. Steward Partners Investment Advisory LLC grew its position in Kimberly-Clark by 37.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 35,345 shares of the company's stock worth $4,632,000 after purchasing an additional 9,711 shares during the last quarter. Finally, Exencial Wealth Advisors LLC grew its position in Kimberly-Clark by 8.9% during the fourth quarter. Exencial Wealth Advisors LLC now owns 1,614 shares of the company's stock worth $211,000 after buying an additional 132 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the sale, the insider directly owned 3,098 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.64% of the company's stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded up $0.17 during trading on Friday, reaching $132.53. The company had a trading volume of 1,015,997 shares, compared to its average volume of 2,204,333. 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 $43.97 billion, a PE ratio of 17.55, a PEG ratio of 4.46 and a beta of 0.35. The business's 50 day moving average price is $134.28 and its 200-day moving average price is $134.72. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (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 the consensus estimate of $4.90 billion. During the same period in the prior year, the company posted $2.01 EPS. Analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.80%. Kimberly-Clark's dividend payout ratio is presently 68.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KMB shares. Royal Bank Of Canada lowered their price objective 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. Barclays dropped their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. UBS Group increased their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Finally, Piper Sandler reduced their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $143.50.

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.