West Oak Capital LLC Boosts Holdings in Kimberly-Clark Co. (NYSE:KMB)

West Oak Capital LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 20,377.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,788 shares of the company’s stock after acquiring an additional 33,623 shares during the period. Kimberly-Clark accounts for approximately 1.3% of West Oak Capital LLC’s portfolio, making the stock its 14th biggest position. West Oak Capital LLC’s holdings in Kimberly-Clark were worth $4,428,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the 2nd quarter valued at $26,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth $29,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth $32,000. 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 purchasing an additional 202 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in Kimberly-Clark during the 3rd quarter worth $36,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler decreased their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday. Finally, Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $147.57.

Kimberly-Clark Trading Down 1.7 %

Shares of NYSE KMB traded down $2.21 during midday trading on Friday, reaching $124.56. 2,279,979 shares of the stock were exchanged, compared to its average volume of 1,892,846. The company has a market capitalization of $41.54 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The stock has a 50 day moving average price of $133.31 and a 200-day moving average price of $138.52.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. Equities research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.92%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was 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. 0.62% of the stock is owned by insiders.

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.