Goldstone Financial Group LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Goldstone Financial Group LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,531 shares of the company's stock, valued at approximately $332,000.

Other hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $26,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. raised its position in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Kimberly-Clark in the 3rd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the 3rd quarter valued at $39,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of several recent research reports. Barclays reduced their price objective on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. TD Cowen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. UBS Group reduced their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Piper Sandler lowered their price target on Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $143.71.

Kimberly-Clark Stock Up 0.5 %

NYSE:KMB traded up $0.68 during mid-day trading on Friday, hitting $127.33. The company had a trading volume of 2,056,622 shares, compared to its average volume of 1,808,543. The business has a fifty day simple moving average of $132.41 and a 200-day simple moving average of $137.98. The firm has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company's revenue was down 3.5% on a year-over-year basis. During the same period last year, the business posted $1.74 EPS. Equities analysts forecast that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.83%. Kimberly-Clark's dividend payout ratio (DPR) is presently 63.29%.

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.