Peloton Wealth Strategists Takes Position in Kimberly-Clark Corporation $KMB

Peloton Wealth Strategists purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,695 shares of the company’s stock, valued at approximately $2,391,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $27,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. increased its position in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Up 1.1%

Shares of NASDAQ:KMB opened at $104.28 on Wednesday. The stock has a 50 day moving average of $98.09 and a 200 day moving average of $100.88. The company has a market cap of $34.61 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 4.63 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 EPS. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.9%. Kimberly-Clark’s payout ratio is 80.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMB. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. UBS Group upped their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.