Liberty One Investment Management LLC Purchases 5,540 Shares of Kimberly-Clark Co. (NYSE:KMB)

Liberty One Investment Management LLC raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 212,733 shares of the company’s stock after acquiring an additional 5,540 shares during the quarter. Kimberly-Clark accounts for 3.0% of Liberty One Investment Management LLC’s holdings, making the stock its 11th largest position. Liberty One Investment Management LLC’s holdings in Kimberly-Clark were worth $27,876,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark in the 2nd quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $36,000. Finally, ORG Wealth Partners LLC bought a new stake in Kimberly-Clark during the 3rd quarter worth $39,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on KMB shares. Barclays dropped their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday. Piper Sandler cut their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. UBS Group decreased their price target on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $143.71.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $127.33 on Friday. The firm has a 50 day moving average of $132.41 and a 200-day moving average of $137.98. The company has a market cap of $42.46 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $1.74 earnings per share. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.31 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.83%. Kimberly-Clark’s payout ratio is currently 63.29%.

Kimberly-Clark 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.