Boyd Watterson Asset Management LLC OH Has $1.23 Million Holdings in Kimberly-Clark Corporation $KMB

Boyd Watterson Asset Management LLC OH increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 65.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,784 shares of the company’s stock after acquiring an additional 5,066 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Kimberly-Clark were worth $1,233,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Greatmark Investment Partners Inc. raised its position in shares of Kimberly-Clark by 2.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Kimberly-Clark by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after buying an additional 100 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock worth $1,523,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc raised its holdings in Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after acquiring an additional 103 shares in the last quarter. Finally, Core Wealth Partners LLC raised its holdings in Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KMB shares. Piper Sandler increased their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. UBS Group increased their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Bank of America decreased their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $115.43.

Kimberly-Clark Trading Up 2.9%

KMB opened at $114.72 on Friday. The company has a market cap of $38.08 billion, a P/E ratio of 18.01, a PEG ratio of 5.00 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company’s 50 day moving average is $100.42 and its 200-day moving average is $101.02. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio is presently 80.38%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction dated 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 $797,233.08. This represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last quarter. 0.75% of the stock is owned by corporate 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.