Guardian Wealth Management Inc. Has $2.29 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Guardian Wealth Management Inc. raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 19.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,064 shares of the company's stock after purchasing an additional 2,593 shares during the quarter. Kimberly-Clark accounts for 1.5% of Guardian Wealth Management Inc.'s portfolio, making the stock its 28th largest holding. Guardian Wealth Management Inc.'s holdings in Kimberly-Clark were worth $2,285,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. J. W. Coons Advisors LLC boosted its holdings in shares of Kimberly-Clark by 7.4% in the 1st quarter. J. W. Coons Advisors LLC now owns 2,900 shares of the company's stock worth $412,000 after acquiring an additional 200 shares in the last quarter. Convergence Investment Partners LLC boosted its holdings in shares of Kimberly-Clark by 64.7% in the 1st quarter. Convergence Investment Partners LLC now owns 20,862 shares of the company's stock worth $2,967,000 after acquiring an additional 8,192 shares in the last quarter. Advisors Preferred LLC boosted its holdings in shares of Kimberly-Clark by 2,164.0% in the 1st quarter. Advisors Preferred LLC now owns 74,327 shares of the company's stock worth $10,631,000 after acquiring an additional 71,044 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Kimberly-Clark by 4.7% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 2,054 shares of the company's stock worth $292,000 after acquiring an additional 92 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Kimberly-Clark by 1.9% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 277,618 shares of the company's stock worth $39,483,000 after buying an additional 5,101 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMB. Wells Fargo & Company upped their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Wall Street Zen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Piper Sandler initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. Finally, Barclays cut their price target on Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Two research 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $140.90.

Kimberly-Clark Trading Down 0.3%

Shares of KMB traded down $0.37 during trading hours on Friday, reaching $127.38. The stock had a trading volume of 1,549,446 shares, compared to its average volume of 2,289,590. The firm has a 50-day moving average of $133.19 and a 200 day moving average of $134.52. The company has a market cap of $42.27 billion, a P/E ratio of 16.87, 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 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, topping analysts' consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the company earned $2.01 EPS. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company's stock.

About Kimberly-Clark

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.