Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Empower Advisory Group LLC

Empower Advisory Group LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,509 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Empower Advisory Group LLC’s holdings in Kimberly-Clark were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after purchasing an additional 77 shares in the last quarter. Graypoint LLC lifted its stake in shares of Kimberly-Clark by 1.5% during the third 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. Truvestments Capital LLC lifted its stake in shares of Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in shares of Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KMB shares. Citigroup reduced their price objective 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. Piper Sandler restated an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays cut their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.64.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 1.6 %

Shares of Kimberly-Clark stock opened at $137.85 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a market cap of $45.72 billion, a P/E ratio of 18.26, a P/E/G ratio of 4.25 and a beta of 0.41. Kimberly-Clark Co. has a fifty-two week low of $118.62 and a fifty-two week high of $149.30. The business has a 50-day moving average price of $129.89 and a 200 day moving average price of $136.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.66%. Kimberly-Clark’s dividend payout ratio is 64.64%.

Kimberly-Clark 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.