Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Retirement Guys Formula LLC

Retirement Guys Formula LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,768 shares of the company’s stock after acquiring an additional 493 shares during the period. Retirement Guys Formula LLC’s holdings in Kimberly-Clark were worth $756,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth about $39,000. Fiduciary Alliance LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth about $283,000. Wesbanco Bank Inc. increased its stake in shares of Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after purchasing an additional 71 shares in the last quarter. Creative Planning increased its stake in shares of Kimberly-Clark by 1.3% during the third quarter. Creative Planning now owns 75,147 shares of the company’s stock worth $10,692,000 after purchasing an additional 943 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Kimberly-Clark by 3.0% during the third quarter. Swedbank AB now owns 171,142 shares of the company’s stock worth $24,350,000 after purchasing an additional 5,034 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $133.22 on Wednesday. The firm’s 50 day moving average price is $130.06 and its 200-day moving average price is $136.66. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The firm has a market cap of $44.43 billion, a P/E ratio of 17.65, a P/E/G ratio of 4.12 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.78%. Kimberly-Clark’s dividend payout ratio is 64.64%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMB. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Citigroup dropped their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.64.

About Kimberly-Clark

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.