Carr Financial Group Corp Has $337,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Carr Financial Group Corp decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,575 shares of the company’s stock after selling 208 shares during the period. Carr Financial Group Corp’s holdings in Kimberly-Clark were worth $337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KMB. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. boosted its stake in 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 acquiring an additional 202 shares during the last quarter. Kennebec Savings Bank bought a new position in Kimberly-Clark during the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC bought a new position in Kimberly-Clark during the 3rd quarter worth approximately $39,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, 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 at this link. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price target 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 reduced their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday. Finally, Piper Sandler reduced their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.71.

Kimberly-Clark Stock Performance

Shares of KMB opened at $128.40 on Friday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The firm has a fifty day simple moving average of $131.96 and a 200 day simple moving average of $137.67. The stock has a market capitalization of $42.82 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 3.53 and a beta of 0.41. 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) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations 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 was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company 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 3.80%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

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.