Kimberly-Clark Corporation $KMB Shares Purchased by Strong Tower Advisory Services

Strong Tower Advisory Services grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 37.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 33,521 shares of the company’s stock after buying an additional 9,165 shares during the period. Strong Tower Advisory Services’ holdings in Kimberly-Clark were worth $3,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $27,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. boosted its position in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KMB shares. UBS Group raised their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Piper Sandler increased their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America lowered their target price 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, Barclays dropped their price target on shares of 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. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $115.43.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $102.56 on Monday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The business’s fifty day moving average is $98.48 and its 200-day moving average is $100.75. The stock has a market cap of $34.04 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating 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 analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal 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 issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is presently 80.38%.

Insider Activity

In related news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. Insiders own 0.75% of the company’s stock.

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.