San Luis Wealth Advisors LLC Takes Position in Kimberly-Clark Co. (NYSE:KMB)

San Luis Wealth Advisors LLC purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,957 shares of the company's stock, valued at approximately $705,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Investment Management LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $29,000. Sierra Ocean LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $34,000. Menard Financial Group LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $38,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on KMB shares. Royal Bank of Canada cut their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company upped 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. UBS Group upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $143.73.

Insider Activity

In related news, insider Katy Chen sold 1,794 shares of Kimberly-Clark 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 sale, the insider now owns 3,098 shares in the company, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Trading Down 0.1%

Shares of KMB stock opened at $130.67 on Tuesday. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The stock has a market cap of $43.36 billion, a P/E ratio of 17.31, a P/E/G ratio of 4.46 and a beta of 0.38. The business has a fifty day simple moving average of $136.65 and a 200-day simple moving average of $135.16. 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 (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, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter last year, the business posted $2.01 earnings per share. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend 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.

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