Miracle Mile Advisors LLC Purchases New Position in Kimberly-Clark Co. (NYSE:KMB)

Miracle Mile Advisors LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,832 shares of the company's stock, valued at approximately $1,419,000.

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

Wall Street Analysts Forecast Growth

KMB has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a "hold" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Piper Sandler dropped their price target on Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $147.07.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company's stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.62% of the company's stock.

Kimberly-Clark Trading Down 0.5 %

Shares of KMB traded down $0.58 during mid-day trading on Wednesday, reaching $125.60. The company's stock had a trading volume of 1,484,808 shares, compared to its average volume of 1,884,212. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a market cap of $41.89 billion, a PE ratio of 16.29, a P/E/G ratio of 2.76 and a beta of 0.41. The company's fifty day moving average price is $132.77 and its two-hundred day moving average price is $138.22. 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 posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company's revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. On average, analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 dividend on an annualized basis and a yield of 3.89%. Kimberly-Clark's dividend payout ratio (DPR) is currently 63.29%.

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.