Register Financial Advisors LLC Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Register Financial Advisors LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 506 shares of the company’s stock, valued at approximately $65,000.

Other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in shares of Kimberly-Clark by 204.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after acquiring an additional 13,806 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Kimberly-Clark by 506.8% in the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock worth $1,574,000 after buying an additional 10,820 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth about $4,253,000. Nixon Peabody Trust Co. purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth about $1,081,000. Finally, Rockline Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth about $1,661,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Piper Sandler boosted their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Citigroup boosted their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.64.

Kimberly-Clark Trading Down 0.8 %

NYSE:KMB traded down $1.13 during midday trading on Friday, hitting $138.22. The stock had a trading volume of 4,428,326 shares, compared to its average volume of 2,163,461. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $142.20. The company has a market capitalization of $46.54 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 3.14 and a beta of 0.38. The stock has a 50-day moving average of $135.86 and a 200 day moving average of $127.49. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock worth $3,332,776 over the last 90 days. Company insiders own 0.62% of the company’s stock.

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.