Kimberly-Clark Corporation $KMB Shares Purchased by Clark & Stuart Inc

Clark & Stuart Inc raised its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 68.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,883 shares of the company’s stock after purchasing an additional 23,052 shares during the quarter. Kimberly-Clark accounts for 4.0% of Clark & Stuart Inc’s portfolio, making the stock its 10th largest holding. Clark & Stuart Inc’s holdings in Kimberly-Clark were worth $5,814,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the second quarter valued at $27,000. True Wealth Design LLC raised its stake in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares during the period. Finally, West Oak Capital LLC lifted its holdings in shares of Kimberly-Clark by 69.7% during the third quarter. West Oak Capital LLC now owns 280 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $98.25 on Friday. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $147.12. The firm has a market cap of $32.61 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 3.49 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The business has a fifty day moving average of $103.45 and a 200-day moving average of $109.06.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 84.35%.

Wall Street Analyst Weigh In

KMB has been the topic of several analyst reports. TD Cowen lowered their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Piper Sandler cut their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. UBS Group boosted their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.42.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.