Kimberly-Clark Co. (NYSE:KMB) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,652 shares of the company’s stock after purchasing an additional 307 shares during the period. D.A. Davidson & CO.’s holdings in Kimberly-Clark were worth $14,823,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KMB. Blueshift Asset Management LLC grew its stake in shares of Kimberly-Clark by 146.5% during the 3rd quarter. Blueshift Asset Management LLC now owns 6,736 shares of the company’s stock valued at $814,000 after buying an additional 4,003 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of Kimberly-Clark by 3.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 44,004 shares of the company’s stock worth $5,352,000 after purchasing an additional 1,318 shares during the period. Archer Investment Corp increased its position in Kimberly-Clark by 59.1% during the 3rd quarter. Archer Investment Corp now owns 2,503 shares of the company’s stock worth $302,000 after purchasing an additional 930 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Kimberly-Clark in the third quarter valued at approximately $7,041,000. Finally, NewEdge Wealth LLC acquired a new stake in shares of Kimberly-Clark in the third quarter worth $10,562,000. 74.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $121.71, for a total value of $365,130.00. Following the completion of the sale, the insider now owns 25,169 shares in the company, valued at $3,063,318.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jeffrey P. Melucci sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $121.71, for a total transaction of $365,130.00. Following the sale, the insider now owns 25,169 shares of the company’s stock, valued at $3,063,318.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 25th. Piper Sandler assumed coverage on Kimberly-Clark in a research note on Friday, November 17th. They set an “overweight” rating and a $146.00 target price for the company. Sanford C. Bernstein upgraded shares of Kimberly-Clark from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $125.00 to $118.00 in a research note on Thursday, October 12th. Bank of America lowered shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and cut their target price for the company from $135.00 to $115.00 in a research note on Friday, December 15th. Finally, Citigroup lowered their price objective on Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating for the company in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $130.14.

Get Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Stock Performance

Shares of KMB opened at $121.23 on Tuesday. The company has a market capitalization of $40.97 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 3.84 and a beta of 0.41. The company’s fifty day moving average price is $121.86 and its 200 day moving average price is $123.55. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.87. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.54 earnings per share. As a group, analysts expect that Kimberly-Clark Co. will post 6.83 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a yield of 4.03%. Kimberly-Clark’s dividend payout ratio is 90.77%.

Kimberly-Clark Company Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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