Retirement Guys Formula LLC Increases Position in Kimberly-Clark Co. (NYSE:KMB)

Retirement Guys Formula LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 9.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,768 shares of the company’s stock after buying an additional 493 shares during the quarter. Retirement Guys Formula LLC’s holdings in Kimberly-Clark were worth $756,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at $29,000. DiNuzzo Private Wealth Inc. grew its position in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $133.22 on Wednesday. The company has a market capitalization of $44.43 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a 50-day moving average price of $130.06 and a two-hundred day moving average price of $136.66.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, research analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.78%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is 64.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KMB shares. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Barclays reduced their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Company Profile

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.