Kimberly-Clark Corporation $KMB Shares Bought by Brookstone Capital Management

Brookstone Capital Management lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,028 shares of the company’s stock after acquiring an additional 5,922 shares during the quarter. Brookstone Capital Management’s holdings in Kimberly-Clark were worth $9,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMB. Cloud Capital Management LLC acquired a new position in Kimberly-Clark during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the second quarter valued at $27,000. True Wealth Design LLC grew its holdings in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. West Oak Capital LLC increased its position in shares of Kimberly-Clark by 69.7% in the third quarter. West Oak Capital LLC now owns 280 shares of the company’s stock valued at $35,000 after buying an additional 115 shares in the last quarter. Finally, Investors Research Corp purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Up 0.1%

KMB opened at $96.47 on Wednesday. The firm has a market cap of $32.02 billion, a P/E ratio of 15.89, a PEG ratio of 3.43 and a beta of 0.24. The business’s fifty day simple moving average is $103.27 and its 200 day simple moving average is $107.40. Kimberly-Clark Corporation has a 52 week low of $94.54 and a 52 week high of $147.12. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating 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 firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 5.3%. Kimberly-Clark’s payout ratio is currently 84.35%.

Wall Street Analyst Weigh In

KMB has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday. Piper Sandler cut their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Citigroup lowered their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Finally, TD Cowen dropped their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $115.85.

Kimberly-Clark Profile

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.