Aaron Wealth Advisors LLC Has $719,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Aaron Wealth Advisors LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,489 shares of the company’s stock after selling 605 shares during the period. Aaron Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $26,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the 3rd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. boosted its position in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Kennebec Savings Bank bought a new stake in Kimberly-Clark during the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark during the third quarter worth approximately $39,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Stock Up 0.5 %

Shares of Kimberly-Clark stock opened at $127.33 on Monday. The business has a fifty day simple moving average of $132.41 and a 200 day simple moving average of $137.98. The stock has a market cap of $42.46 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the business posted $1.74 EPS. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. Research analysts predict that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.83%. Kimberly-Clark’s dividend payout ratio is 63.29%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMB. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Piper Sandler decreased their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. UBS Group cut their price target on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their target price on shares of 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $143.71.

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.