Goodman Advisory Group LLC Purchases Shares of 2,162 Kimberly-Clark Co. (NYSE:KMB)

Goodman Advisory Group LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,162 shares of the company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after acquiring an additional 2,765 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Kimberly-Clark by 6.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,883 shares of the company's stock worth $249,000 after purchasing an additional 114 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Kimberly-Clark by 1.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 19,259 shares of the company's stock worth $2,524,000 after purchasing an additional 318 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $20,348,000. Finally, Tower Bridge Advisors boosted its holdings in Kimberly-Clark by 6.5% during the fourth quarter. Tower Bridge Advisors now owns 5,705 shares of the company's stock worth $748,000 after buying an additional 350 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $234,547.56. Following the completion of the sale, the insider owned 3,098 shares in the company, valued at approximately $405,032.52. This represents a 36.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada cut their price objective 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. UBS Group upped their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barclays cut their price objective on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler dropped 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 report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $143.50.

Kimberly-Clark Stock Up 0.8%

KMB traded up $1.03 during trading on Monday, reaching $128.92. 2,172,599 shares of the stock traded hands, compared to its average volume of 2,198,463. The stock's 50-day simple moving average is $134.63 and its two-hundred day simple moving average is $134.76. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The stock has a market cap of $42.78 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results 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. 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 analyst estimates of $4.90 billion. During the same period in the previous year, the company earned $2.01 EPS. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.91%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's payout ratio is 68.66%.

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.