Miracle Mile Advisors LLC Acquires Shares of 10,832 Kimberly-Clark Co. (NYSE:KMB)

Miracle Mile Advisors LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,832 shares of the company’s stock, valued at approximately $1,419,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. grew 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 buying an additional 202 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group lowered their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays boosted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. 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 company’s stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $147.57.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the business’s 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 sale, the vice president now 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 document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

Shares of KMB opened at $126.22 on Wednesday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The firm’s 50 day moving average price is $132.77 and its two-hundred day moving average price is $138.22. The firm has a market cap of $42.09 billion, a P/E ratio of 16.37, a PEG ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for 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 firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. On average, analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 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.