Valley Wealth Managers Inc. Makes New Investment in Kimberly-Clark Corporation $KMB

Valley Wealth Managers Inc. acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the first quarter, HoldingsChannel.com reports. The firm acquired 45,525 shares of the company’s stock, valued at approximately $4,392,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KMB. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $27,000. CrossGen Wealth LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $27,000. Eagle Bay Advisors LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In related news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Insiders sold 7,096 shares of company stock worth $689,687 over the last three months. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Barclays dropped their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. UBS Group lifted their price objective on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.79.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $108.35 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $35.97 billion, a P/E ratio of 17.01, a P/E/G ratio of 4.83 and a beta of 0.26. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The stock has a 50 day moving average of $103.19 and a 200-day moving average of $101.74.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the business earned $1.93 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $1.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is presently 80.38%.

Kimberly-Clark Company 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.