Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its position in Kimberly-Clark Co. (NYSE:KMB) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,433 shares of the company’s stock after purchasing an additional 419 shares during the period. Avantax Advisory Services Inc.’s holdings in Kimberly-Clark were worth $5,298,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the third quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on KMB shares. UBS Group increased their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $139.79 on Friday. The stock’s 50-day moving average is $133.53 and its 200-day moving average is $136.50. The company has a market cap of $46.36 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. 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 12 month low of $123.02 and a 12 month high of $150.45.

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

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. This is an increase 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 66.75%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.