8,374 Shares in Kimberly-Clark Co. (NYSE:KMB) Acquired by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,374 shares of the company’s stock, valued at approximately $1,018,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Emerald Advisors LLC boosted its position in Kimberly-Clark by 4.7% during the fourth quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock worth $245,000 after acquiring an additional 90 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Kimberly-Clark by 1.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock valued at $780,000 after purchasing an additional 93 shares in the last quarter. Motco increased its holdings in shares of Kimberly-Clark by 6.9% in the third quarter. Motco now owns 1,463 shares of the company’s stock valued at $177,000 after purchasing an additional 94 shares during the last quarter. S&CO Inc. lifted its position in Kimberly-Clark by 0.4% during the third quarter. S&CO Inc. now owns 24,914 shares of the company’s stock worth $3,010,000 after buying an additional 100 shares in the last quarter. Finally, Journey Advisory Group LLC boosted its stake in Kimberly-Clark by 4.3% during the third quarter. Journey Advisory Group LLC now owns 2,436 shares of the company’s stock worth $294,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KMB. Bank of America raised their target price on Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 24th. Citigroup lifted their target price on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Royal Bank of Canada lifted their price target on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. Finally, Piper Sandler increased their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Trading Up 0.1 %

KMB traded up $0.18 during mid-day trading on Tuesday, hitting $136.15. 390,841 shares of the stock were exchanged, compared to its average volume of 2,200,570. The firm’s fifty day moving average is $127.78 and its two-hundred day moving average is $123.53. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.67. The company has a market cap of $45.84 billion, a PE ratio of 24.99, a PEG ratio of 3.87 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the prior year, the company earned $1.67 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity

In related news, insider Katy Chen sold 454 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares of the company’s stock, valued at approximately $70,324.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katy Chen sold 454 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,562 shares of company stock worth $2,808,345. Corporate insiders own 0.62% of the company’s stock.

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.