7,963 Shares in Kimberly-Clark Corporation $KMB Bought by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,963 shares of the company’s stock, valued at approximately $803,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Brighton Jones LLC boosted its stake in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Kimberly-Clark by 9.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 15,514 shares of the company’s stock valued at $2,000,000 after buying an additional 1,310 shares during the period. EverSource Wealth Advisors LLC lifted its position in Kimberly-Clark by 6.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,087 shares of the company’s stock worth $527,000 after acquiring an additional 245 shares in the last quarter. Marshall Wace LLP lifted its position in Kimberly-Clark by 37.2% during the 2nd quarter. Marshall Wace LLP now owns 256,616 shares of the company’s stock worth $33,083,000 after acquiring an additional 69,582 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in Kimberly-Clark by 4.2% in the 2nd quarter. Cresset Asset Management LLC now owns 10,265 shares of the company’s stock worth $1,336,000 after acquiring an additional 416 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMB. Wells Fargo & Company set a $110.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, February 17th. UBS Group upped their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Piper Sandler lowered 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Citigroup decreased their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $115.85.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $96.13 on Monday. The company has a market cap of $31.91 billion, a PE ratio of 15.84, a P/E/G ratio of 3.52 and a beta of 0.28. The company has a fifty day moving average price of $102.98 and a two-hundred day moving average price of $106.79. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. Kimberly-Clark Corporation has a 12 month low of $94.54 and a 12 month high of $147.12.

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

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were given a dividend of $1.28 per share. The ex-dividend date was Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a yield of 5.3%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is presently 84.35%.

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.