Peak Retirement Planning Inc. Purchases Shares of 6,021 Kimberly-Clark Co. (NYSE:KMB)

Peak Retirement Planning Inc. bought a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,021 shares of the company's stock, valued at approximately $788,000.

A number of other institutional investors have also recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark in the 4th quarter worth about $25,000. Minot DeBlois Advisors LLC bought a new position in Kimberly-Clark during the 4th quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were 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 of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,372 shares of company stock worth $1,858,684 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company raised their target price 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. Piper Sandler cut their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company 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 note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $1.07 during mid-day trading on Thursday, reaching $143.75. 787,090 shares of the company traded hands, compared to its average volume of 2,179,083. The firm's fifty day moving average is $137.40 and its two-hundred day moving average is $135.18. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week 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 market capitalization of $47.70 billion, a price-to-earnings ratio of 19.04, 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 quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping 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 the consensus estimate of $4.90 billion. During the same period last year, the firm earned $2.01 EPS. On average, equities research 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 will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.51%. Kimberly-Clark's payout ratio is currently 68.66%.

Kimberly-Clark Company 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.