Independent Financial Group LLC Purchases Shares of 5,099 Kimberly-Clark Corporation $KMB

Independent Financial Group LLC acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the 1st quarter, HoldingsChannel reports. The firm acquired 5,099 shares of the company’s stock, valued at approximately $492,000.

A number of other large investors have also recently made changes to their positions in KMB. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $2,017,000. Wealthfront Advisers LLC lifted its stake in Kimberly-Clark by 37.3% in the first quarter. Wealthfront Advisers LLC now owns 218,372 shares of the company’s stock worth $21,066,000 after acquiring an additional 59,338 shares during the period. Twin Capital Management Inc. boosted its holdings in Kimberly-Clark by 29.6% in the first quarter. Twin Capital Management Inc. now owns 13,430 shares of the company’s stock valued at $1,296,000 after acquiring an additional 3,066 shares in the last quarter. Bank of New York Mellon Corp increased its position in Kimberly-Clark by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 2,237,904 shares of the company’s stock valued at $215,891,000 after purchasing an additional 18,989 shares during the period. Finally, Journey Advisory Group LLC raised its holdings in Kimberly-Clark by 11.1% in the 1st quarter. Journey Advisory Group LLC now owns 2,946 shares of the company’s stock worth $284,000 after purchasing an additional 295 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 7,096 shares of company stock worth $689,687. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMB shares. Bank of America dropped their target price 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. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Piper Sandler lifted their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, UBS Group upped their target price on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Four 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $107.31 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The firm has a market capitalization of $35.62 billion, a P/E ratio of 16.85, a P/E/G ratio of 4.85 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The business has a fifty day simple moving average of $104.11 and a two-hundred day simple moving average of $101.94.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio 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.