IRON Financial LLC Purchases 151 Shares of Kimberly-Clark Co. (NYSE:KMB)

IRON Financial LLC increased its position in Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,788 shares of the company’s stock after buying an additional 151 shares during the quarter. IRON Financial LLC’s holdings in Kimberly-Clark were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. increased its stake in shares of Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after buying an additional 71 shares during the period. My Legacy Advisors LLC boosted its holdings in Kimberly-Clark by 4.6% in the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares during the period. Graypoint LLC raised its holdings in Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Kimberly-Clark by 2.7% in the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 2.2 %

Shares of NYSE KMB opened at $131.27 on Tuesday. The firm’s 50 day moving average price is $131.85 and its 200-day moving average price is $137.56. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company has a market cap of $43.77 billion, a PE ratio of 17.03, a P/E/G ratio of 3.53 and a beta of 0.41.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.72%. Kimberly-Clark’s dividend payout ratio is 63.29%.

Analyst Upgrades and Downgrades

KMB has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Piper Sandler decreased their target price 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. Citigroup reduced their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Finally, TD Cowen lowered 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $143.71.

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.