Foundations Investment Advisors LLC Grows Position in Kimberly-Clark Co. (NYSE:KMB)

Foundations Investment Advisors LLC lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 7.3% in the third quarter, HoldingsChannel reports. The firm owned 7,643 shares of the company’s stock after buying an additional 520 shares during the period. Foundations Investment Advisors LLC’s holdings in Kimberly-Clark were worth $1,087,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Retirement Guys Formula LLC grew its holdings in shares of Kimberly-Clark by 9.6% in the third quarter. Retirement Guys Formula LLC now owns 5,275 shares of the company’s stock valued at $751,000 after purchasing an additional 460 shares during the period. Violich Capital Management Inc. grew its holdings in shares of Kimberly-Clark by 11.0% in the third quarter. Violich Capital Management Inc. now owns 23,367 shares of the company’s stock valued at $3,325,000 after purchasing an additional 2,325 shares during the period. Penn Davis Mcfarland Inc. grew its holdings in shares of Kimberly-Clark by 735.4% in the third quarter. Penn Davis Mcfarland Inc. now owns 13,817 shares of the company’s stock valued at $1,966,000 after purchasing an additional 12,163 shares during the period. Godsey & Gibb Inc. grew its holdings in shares of Kimberly-Clark by 2.1% in the third quarter. Godsey & Gibb Inc. now owns 144,479 shares of the company’s stock valued at $20,556,000 after purchasing an additional 2,906 shares during the period. Finally, Vest Financial LLC grew its holdings in shares of Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after purchasing an additional 21,339 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Piper Sandler increased their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. TD Cowen started coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Finally, StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $149.93.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.6 %

Shares of Kimberly-Clark stock opened at $136.89 on Thursday. The company has a market capitalization of $46.09 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.98 and a beta of 0.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 52-week low of $116.63 and a 52-week high of $149.30. The company has a 50 day moving average of $143.18 and a 200 day moving average of $138.66.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping 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 11.28% and a return on equity of 223.55%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.56%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Kimberly-Clark 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.