Strong Tower Advisory Services Has $2.20 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Strong Tower Advisory Services lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,337 shares of the company's stock after purchasing an additional 2,110 shares during the period. Strong Tower Advisory Services' holdings in Kimberly-Clark were worth $2,198,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KMB shares. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Piper Sandler dropped their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. Royal Bank of Canada dropped their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus price target of $145.08.

Kimberly-Clark Stock Performance

Shares of KMB traded down $2.44 during midday trading on Thursday, reaching $135.99. The stock had a trading volume of 1,572,553 shares, compared to its average volume of 2,169,907. The firm has a 50 day simple moving average of $137.63 and a 200-day simple moving average of $135.48. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The firm has a market cap of $45.12 billion, a PE ratio of 18.01, a P/E/G ratio of 4.46 and a beta of 0.35. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter last year, the firm posted $2.01 EPS. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company's stock.

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.