Kimberly-Clark Co. (NYSE:KMB) Shares Bought by West Coast Financial LLC

West Coast Financial LLC increased its position in Kimberly-Clark Co. (NYSE:KMB) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,062 shares of the company’s stock after acquiring an additional 124 shares during the period. West Coast Financial LLC’s holdings in Kimberly-Clark were worth $532,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark in the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. lifted its stake in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. Kennebec Savings Bank bought a new stake in Kimberly-Clark during the third quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new position in Kimberly-Clark in the third quarter worth approximately $39,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of recent research reports. UBS Group decreased their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Piper Sandler dropped their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.93.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.5 %

KMB opened at $125.60 on Thursday. The company has a market capitalization of $41.89 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. The business has a 50-day moving average of $132.77 and a 200-day moving average of $138.22. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the business earned $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

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.