Mirador Capital Partners LP Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Mirador Capital Partners LP bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,867 shares of the company's stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after buying an additional 2,765 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at $53,000. Chicago Partners Investment Group LLC raised its holdings in shares of Kimberly-Clark by 13.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 6,318 shares of the company's stock worth $801,000 after purchasing an additional 733 shares during the period. Golden State Equity Partners raised its holdings in Kimberly-Clark by 12,772.0% in the fourth quarter. Golden State Equity Partners now owns 3,218 shares of the company's stock valued at $422,000 after buying an additional 3,193 shares during the period. Finally, Chicago Capital LLC lifted its holdings in shares of Kimberly-Clark by 4.2% during the 4th quarter. Chicago Capital LLC now owns 4,930 shares of the company's stock valued at $646,000 after acquiring an additional 200 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 1.5%

Kimberly-Clark stock traded down $2.18 during mid-day trading on Tuesday, hitting $139.50. 1,937,334 shares of the company's stock were exchanged, compared to its average volume of 2,178,122. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company's 50 day simple moving average is $137.70 and its 200-day simple moving average is $135.43. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a market capitalization of $46.29 billion, a P/E ratio of 18.48, a PEG ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data 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 last year, the company earned $2.01 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.61%. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KMB. Royal Bank of Canada lowered their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group boosted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Piper Sandler cut their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. 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's stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average 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.