Occidental Asset Management LLC Buys Shares of 15,675 Kimberly-Clark Corporation $KMB

Occidental Asset Management LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,675 shares of the company’s stock, valued at approximately $1,949,000.

A number of other institutional investors also recently bought and sold shares of the stock. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark during the second quarter valued at about $25,000. Princeton Global Asset Management LLC lifted its holdings in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares in the last quarter. Winnow Wealth LLC purchased a new position in Kimberly-Clark during the second quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the second quarter worth approximately $27,000. Finally, True Wealth Design LLC increased its stake in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 1.1%

Shares of NASDAQ KMB opened at $99.32 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $150.45. The firm’s 50-day moving average price is $102.45 and its 200-day moving average price is $117.49. The stock has a market capitalization of $32.96 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 3.81 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.83 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 5.1%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Analyst Ratings Changes

Several research analysts recently weighed in on KMB shares. Piper Sandler dropped their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Citigroup lowered their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday. Cowen reiterated a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a report on Tuesday, October 28th. Finally, Barclays set a $102.00 price objective on shares of Kimberly-Clark in a report on Friday. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.69.

Kimberly-Clark Company 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.