Elevated Capital Advisors LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 4.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,964 shares of the company’s stock after buying an additional 433 shares during the period. Elevated Capital Advisors LLC’s holdings in Kimberly-Clark were worth $1,306,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of KMB. William B. Walkup & Associates Inc. purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the third quarter valued at $29,000. DiNuzzo Private Wealth Inc. increased its position in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Kennebec Savings Bank purchased a new position in Kimberly-Clark in the 3rd quarter worth $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.
Kimberly-Clark Price Performance
KMB stock traded up $0.89 during trading on Monday, hitting $125.35. The stock had a trading volume of 2,323,706 shares, compared to its average volume of 1,814,354. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company’s 50-day moving average price is $133.11 and its two-hundred day moving average price is $138.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock has a market capitalization of $41.80 billion, a P/E ratio of 16.26, a PEG ratio of 2.76 and a beta of 0.41.
Kimberly-Clark Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on KMB shares. Piper Sandler reduced their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.57.
View Our Latest Stock Report on Kimberly-Clark
Insider Buying and Selling
In other news, VP Andrew Drexler sold 3,000 shares of the company’s 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 directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by company insiders.
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.
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