Williams & Novak LLC Purchases Shares of 1,830 Kimberly-Clark Co. (NYSE:KMB)

Williams & Novak LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,830 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds have also recently made changes to their positions in the business. Public Sector Pension Investment Board grew its position in shares of Kimberly-Clark by 72.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock worth $1,787,000 after buying an additional 5,434 shares during the period. Ascent Group LLC increased its position in Kimberly-Clark by 17.9% in the 2nd quarter. Ascent Group LLC now owns 8,343 shares of the company’s stock valued at $1,153,000 after buying an additional 1,268 shares in the last quarter. Creative Planning raised its stake in Kimberly-Clark by 6.7% during the 2nd quarter. Creative Planning now owns 74,204 shares of the company’s stock worth $10,255,000 after buying an additional 4,661 shares during the period. NewEdge Advisors LLC boosted its holdings in Kimberly-Clark by 0.8% in the second quarter. NewEdge Advisors LLC now owns 43,088 shares of the company’s stock worth $5,955,000 after acquiring an additional 357 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Kimberly-Clark by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 47,574 shares of the company’s stock valued at $6,575,000 after acquiring an additional 240 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 1.5 %

KMB opened at $129.49 on Wednesday. The business’s fifty day simple moving average is $131.75 and its 200 day simple moving average is $137.49. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock has a market cap of $43.18 billion, a PE ratio of 16.80, a P/E/G ratio of 3.53 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its 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 return on equity of 198.59% and a net margin of 12.97%. As a group, research analysts expect that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.89%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark 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 transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KMB has been the topic of several research reports. UBS Group lowered their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler reduced their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Finally, Barclays reduced their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. 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. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $143.71.

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.