VeraBank N.A. Invests $201,000 in Kimberly-Clark Co. (NYSE:KMB)

VeraBank N.A. bought a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,657 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Emerald Advisors LLC grew its stake in Kimberly-Clark by 4.7% in the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock valued at $245,000 after acquiring an additional 90 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of Kimberly-Clark by 1.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock worth $780,000 after purchasing an additional 93 shares in the last quarter. Motco boosted its holdings in Kimberly-Clark by 6.9% in the 3rd quarter. Motco now owns 1,463 shares of the company’s stock worth $177,000 after buying an additional 94 shares during the last quarter. S&CO Inc. raised its stake in Kimberly-Clark by 0.4% in the 3rd quarter. S&CO Inc. now owns 24,914 shares of the company’s stock valued at $3,010,000 after purchasing an additional 100 shares during the last quarter. Finally, Journey Advisory Group LLC boosted its stake in Kimberly-Clark by 4.3% during the third quarter. Journey Advisory Group LLC now owns 2,436 shares of the company’s stock worth $294,000 after buying an additional 100 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.3 %

NYSE:KMB traded down $0.41 during midday trading on Friday, hitting $136.09. 1,907,297 shares of the company were exchanged, compared to its average volume of 2,559,916. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $146.15. The company has a market capitalization of $45.82 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.87 and a beta of 0.38. The company has a fifty day simple moving average of $127.48 and a 200 day simple moving average of $123.43.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. Kimberly-Clark’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. Kimberly-Clark’s payout ratio is currently 89.71%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KMB shares. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Citigroup upped their price target on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Barclays boosted their price objective on shares of Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Piper Sandler increased their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $134.85.

Insider Transactions at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the transaction, the insider now directly owns 520 shares of the company’s stock, valued at approximately $70,324.80. The disclosure for this sale can be found here. Insiders have sold a total of 20,562 shares of company stock worth $2,808,345 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

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.