IVC Wealth Advisors LLC Acquires 319 Shares of Kimberly-Clark Co. (NYSE:KMB)

IVC Wealth Advisors LLC increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,937 shares of the company’s stock after buying an additional 319 shares during the period. IVC Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KMB. Rise Advisors LLC increased its position in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC increased its position in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $35,000. Bruce G. Allen Investments LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $37,000. Finally, Northwest Financial Advisors acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $40,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB traded down $0.53 during midday trading on Wednesday, hitting $137.46. 736,897 shares of the company were exchanged, compared to its average volume of 2,148,150. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $142.20. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The firm has a market capitalization of $46.28 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 3.11 and a beta of 0.37. The company’s 50 day simple moving average is $136.08 and its 200 day simple moving average is $127.81.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period last year, the firm earned $1.67 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.06 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Buying and Selling

In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katy Chen sold 454 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares in the company, valued at $70,324.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,395 shares of company stock worth $3,332,776. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 25th. Piper Sandler boosted their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.64.

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.