Dover Advisors LLC Buys Shares of 2,335 Kimberly-Clark Co. (NYSE:KMB)

Dover Advisors LLC bought a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) in the first quarter, Holdings Channel reports. The fund bought 2,335 shares of the company’s stock, valued at approximately $335,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers grew its holdings in shares of Kimberly-Clark by 0.5% during the fourth quarter. Rhumbline Advisers now owns 728,728 shares of the company’s stock valued at $95,492,000 after buying an additional 3,273 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Kimberly-Clark by 2.8% during the fourth quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock valued at $60,615,000 after buying an additional 12,768 shares during the last quarter. Unigestion Holding SA grew its holdings in shares of Kimberly-Clark by 8.2% during the first quarter. Unigestion Holding SA now owns 127,623 shares of the company’s stock valued at $18,145,000 after buying an additional 9,643 shares during the last quarter. Farmers Trust Co. grew its holdings in shares of Kimberly-Clark by 108.6% during the first quarter. Farmers Trust Co. now owns 45,088 shares of the company’s stock valued at $6,412,000 after buying an additional 23,472 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Kimberly-Clark by 630.9% during the fourth quarter. Van ECK Associates Corp now owns 25,639 shares of the company’s stock valued at $3,360,000 after buying an additional 22,131 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now directly owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMB. Royal Bank of Canada cut their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Piper Sandler cut their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI dropped their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.73.

Kimberly-Clark Trading Down 2.3%

Shares of KMB stock opened at $130.84 on Friday. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm’s 50 day moving average is $136.70 and its 200 day moving average is $135.27. The stock has a market capitalization of $43.41 billion, a P/E ratio of 17.33, a P/E/G ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter last year, the company posted $2.01 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.85%. Kimberly-Clark’s payout ratio is 68.66%.

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.