Kimberly-Clark Co. (NYSE:KMB) Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,283 shares of the company’s stock after purchasing an additional 1,011 shares during the quarter. CoreCap Advisors LLC’s holdings in Kimberly-Clark were worth $3,968,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Marshall Investment Management LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $25,000. Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $32,000. Finally, Synergy Asset Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. The trade was a 15.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. This represents a 49.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,872 shares of company stock valued at $2,208,684 over the last three months. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Trading Up 1.5 %

NYSE KMB opened at $132.82 on Wednesday. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The firm has a 50 day moving average of $138.41 and a two-hundred day moving average of $134.85. The stock has a market capitalization of $44.07 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. As a group, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.79%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s payout ratio is 68.66%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Piper Sandler cut their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Finally, Royal Bank of Canada dropped their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $145.08.

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.