MOKAN Wealth Management Inc. Invests $598,000 in Kimberly-Clark Co. (NYSE:KMB)

MOKAN Wealth Management Inc. acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,558 shares of the company’s stock, valued at approximately $598,000.

Several other large investors have also bought and sold shares of KMB. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark during the fourth quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the third quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $32,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $33,000. Finally, Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $132.79 on Friday. The firm has a market capitalization of $44.28 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business has a fifty day moving average of $129.84 and a 200 day moving average of $136.51. Kimberly-Clark Co. has a 1 year low of $117.93 and a 1 year high of $149.30.

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

Kimberly-Clark Increases Dividend

The business 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 is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 64.64%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMB. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday. Piper Sandler restated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, UBS Group upped their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.