1,759 Shares in Kimberly-Clark Co. (NYSE:KMB) Purchased by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,759 shares of the company’s stock, valued at approximately $230,000.

A number of other institutional investors have also added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark during the 4th quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $33,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

KMB opened at $135.66 on Wednesday. The stock’s 50 day simple moving average is $129.84 and its 200 day simple moving average is $136.49. 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 $118.62 and a 1 year high of $149.30. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 4.25 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, analysts predict that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.72%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.64%.

Analysts Set New Price Targets

KMB has been the topic of several recent analyst reports. Citigroup lowered their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays reduced their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.64.

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.