Fiduciary Alliance LLC Buys Shares of 1,987 Kimberly-Clark Co. (NYSE:KMB)

Fiduciary Alliance LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,987 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC grew its stake in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $26,000. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter worth about $27,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $28,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KMB shares. Deutsche Bank Aktiengesellschaft upped 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. Piper Sandler upped their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday. BNP Paribas started coverage on Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $149.14.

Kimberly-Clark Trading Up 0.9 %

Kimberly-Clark stock opened at $143.54 on Tuesday. The business has a 50 day moving average price of $142.71 and a two-hundred day moving average price of $137.97. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The stock has a market cap of $48.33 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 EPS. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.40%. Kimberly-Clark’s payout ratio is presently 89.71%.

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.