Dakota Wealth Management Buys 1,578 Shares of Kimberly-Clark Co. (NYSE:KMB)

Dakota Wealth Management increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,746 shares of the company’s stock after buying an additional 1,578 shares during the period. Dakota Wealth Management’s holdings in Kimberly-Clark were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark during the second quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Finally, DiNuzzo Private Wealth Inc. raised its stake in 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 acquiring an additional 202 shares during the period. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, Piper Sandler lifted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Down 1.1 %

Shares of NYSE KMB opened at $135.52 on Friday. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.89 and a beta of 0.39. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30. The stock has a 50-day moving average price of $143.08 and a two-hundred day moving average price of $138.65.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 EPS. As a group, analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.60%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insider Activity

In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

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.