RFG Bristol Wealth Advisors LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

RFG Bristol Wealth Advisors LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,756 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors also recently made changes to their positions in KMB. Geode Capital Management LLC lifted its stake in shares of Kimberly-Clark by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock valued at $1,113,444,000 after purchasing an additional 797,953 shares during the period. Franklin Resources Inc. boosted its stake in shares of Kimberly-Clark by 14.1% during the 4th quarter. Franklin Resources Inc. now owns 477,063 shares of the company’s stock worth $62,514,000 after acquiring an additional 58,793 shares in the last quarter. Cannell & Spears LLC grew its holdings in shares of Kimberly-Clark by 5.6% in the 4th quarter. Cannell & Spears LLC now owns 20,434 shares of the company’s stock worth $2,678,000 after acquiring an additional 1,079 shares during the period. Summit Financial LLC increased its stake in Kimberly-Clark by 25.6% in the 4th quarter. Summit Financial LLC now owns 6,286 shares of the company’s stock valued at $831,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Hoey Investments Inc. acquired a new position in Kimberly-Clark during the fourth quarter worth $49,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Trading Up 0.0 %

Shares of KMB stock opened at $143.07 on Thursday. The firm’s 50-day simple moving average is $137.10 and its 200-day simple moving average is $135.97. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The firm has a market cap of $47.45 billion, a P/E ratio of 18.95, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 66.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $144.85.

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.