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

Arete Wealth Advisors LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 84.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,923 shares of the company's stock after purchasing an additional 2,257 shares during the period. Arete Wealth Advisors LLC's holdings in Kimberly-Clark were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark during the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth about $32,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the fourth quarter worth about $33,000. Finally, Roxbury Financial LLC purchased a new position in Kimberly-Clark in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMB. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Citigroup cut their price target on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research note on Wednesday, January 15th. Piper Sandler reissued an "overweight" rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $144.85.

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Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares of the company's stock, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Trading Up 1.0 %

KMB stock traded up $1.39 on Thursday, hitting $136.54. 703,378 shares of the company were exchanged, compared to its average volume of 2,144,208. The stock has a market capitalization of $45.28 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The business's fifty day moving average is $138.05 and its two-hundred day moving average is $135.76. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a dividend of $1.26 per share. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, March 7th. Kimberly-Clark's payout ratio is currently 66.75%.

Kimberly-Clark Company 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.