Financial Solutions Advisory Group Inc. Makes New $692,000 Investment in Kimberly-Clark Corporation $KMB

Financial Solutions Advisory Group Inc. bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,177 shares of the company’s stock, valued at approximately $692,000.

Other hedge funds have also modified their holdings of the company. Greatmark Investment Partners Inc. lifted its holdings in Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Kimberly-Clark by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after buying an additional 100 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after buying an additional 103 shares during the period. Finally, Core Wealth Partners LLC raised its position in shares of Kimberly-Clark by 2.6% during the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after acquiring an additional 112 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 0.8%

NASDAQ:KMB opened at $109.31 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $36.28 billion, a P/E ratio of 17.16, a P/E/G ratio of 4.90 and a beta of 0.26. The stock’s fifty day simple moving average is $105.76 and its 200-day simple moving average is $102.46.

Kimberly-Clark Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays upped their price target on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wells Fargo & Company boosted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Bank of America cut their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Piper Sandler lifted their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $117.93.

Insider Activity

In related news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.75% of the company’s stock.

Kimberly-Clark 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.