Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Drive Wealth Management LLC

Drive Wealth Management LLC raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 11.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,396 shares of the company’s stock after purchasing an additional 245 shares during the quarter. Drive Wealth Management LLC’s holdings in Kimberly-Clark were worth $317,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Public Sector Pension Investment Board increased its stake in Kimberly-Clark by 72.5% during the second quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock worth $1,787,000 after purchasing an additional 5,434 shares during the period. The Manufacturers Life Insurance Company increased its stake in Kimberly-Clark by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 378,465 shares of the company’s stock worth $52,304,000 after purchasing an additional 17,694 shares during the period. Ascent Group LLC increased its stake in Kimberly-Clark by 17.9% during the second quarter. Ascent Group LLC now owns 8,343 shares of the company’s stock worth $1,153,000 after purchasing an additional 1,268 shares during the period. Creative Planning increased its stake in Kimberly-Clark by 6.7% during the second quarter. Creative Planning now owns 74,204 shares of the company’s stock worth $10,255,000 after purchasing an additional 4,661 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Kimberly-Clark by 0.8% during the second quarter. NewEdge Advisors LLC now owns 43,088 shares of the company’s stock worth $5,955,000 after purchasing an additional 357 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler cut their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup cut their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.71.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of the 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 of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $131.27 on Tuesday. The firm has a market capitalization of $43.77 billion, a P/E ratio of 17.03, a P/E/G ratio of 3.53 and a beta of 0.41. 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 firm’s 50 day moving average is $131.85 and its two-hundred day moving average is $137.56.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

Kimberly-Clark Company 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.