Advocate Investing Services LLC Buys Shares of 5,490 Kimberly-Clark Corporation $KMB

Advocate Investing Services LLC bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,490 shares of the company’s stock, valued at approximately $530,000.

A number of other large investors also recently modified their holdings of KMB. Pictet Asset Management Holding SA boosted its holdings in shares of Kimberly-Clark by 28.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 519,663 shares of the company’s stock valued at $50,132,000 after buying an additional 115,933 shares during the period. Sugar Maple Asset Management LLC lifted its holdings in Kimberly-Clark by 83.8% in the first quarter. Sugar Maple Asset Management LLC now owns 4,062 shares of the company’s stock worth $392,000 after acquiring an additional 1,852 shares during the last quarter. Welch Group LLC lifted its holdings in Kimberly-Clark by 37.8% in the first quarter. Welch Group LLC now owns 447,054 shares of the company’s stock worth $43,127,000 after acquiring an additional 122,577 shares during the last quarter. Wealth Effects LLC acquired a new position in Kimberly-Clark in the first quarter valued at approximately $333,000. Finally, Poehling Capital Management INC. bought a new position in shares of Kimberly-Clark during the first quarter valued at approximately $1,465,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KMB. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Piper Sandler boosted their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. UBS Group upped their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Barclays dropped their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Finally, Bank of America cut their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $115.43.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $109.37 on Friday. The firm’s 50 day moving average is $99.34 and its two-hundred day moving average is $100.79. The firm has a market capitalization of $36.30 billion, a P/E ratio of 17.17, a PEG ratio of 4.90 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $1.93 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Analysts anticipate that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,096 shares of company stock valued at $689,687 in the last quarter. 0.75% of the stock is currently owned by insiders.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.