Waverly Advisors LLC Acquires 20,973 Shares of Kimberly-Clark Co. (NYSE:KMB)

Waverly Advisors LLC raised its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 37.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,282 shares of the company's stock after acquiring an additional 20,973 shares during the period. Waverly Advisors LLC's holdings in Kimberly-Clark were worth $10,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 1.3%

Shares of Kimberly-Clark stock traded up $1.81 on Friday, hitting $141.56. 2,582,859 shares of the company's stock traded hands, compared to its average volume of 2,181,611. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a fifty day moving average of $137.20 and a two-hundred day moving average of $134.98. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 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 company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the company earned $2.01 EPS. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared 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. This represents a $5.04 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is currently 68.66%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at $1,088,520. The trade was a 58.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katy Chen sold 740 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,372 shares of company stock valued at $1,858,684 over the last ninety days. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMB shares. Barclays decreased their price target 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. Royal Bank of Canada reduced 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. Piper Sandler reduced their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus target price of $145.08.

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.