Patriot Financial Group Insurance Agency LLC Purchases New Holdings in Kimberly-Clark Corporation $KMB

Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,454 shares of the company’s stock, valued at approximately $526,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 2nd quarter valued at $27,000. CrossGen Wealth LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new position in Kimberly-Clark during the 4th quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. raised its position in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 1,596 shares of the firm’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 transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock valued at $689,687 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on KMB. Bank of America lowered their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Barclays cut their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.43.

Kimberly-Clark Stock Down 0.1%

KMB opened at $109.77 on Wednesday. The business’s fifty day moving average is $99.80 and its two-hundred day moving average is $100.88. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The company has a market cap of $36.44 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 4.93 and a beta of 0.28. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Kimberly-Clark 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.