Midland Wealth Advisors LLC Takes $322,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Midland Wealth Advisors LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,330 shares of the company’s stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. CX Institutional raised its stake in Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after purchasing an additional 71 shares in the last quarter. Capital Investment Counsel Inc lifted its holdings in shares of Kimberly-Clark by 0.8% during the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after acquiring an additional 75 shares during the period. Connecticut Wealth Management LLC boosted its position in shares of Kimberly-Clark by 4.6% during the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after acquiring an additional 77 shares in the last quarter. Equitable Trust Co. increased its stake in Kimberly-Clark by 0.9% in the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after acquiring an additional 80 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. raised its position in Kimberly-Clark by 1.6% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock valued at $659,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMB shares. Wells Fargo & Company dropped their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Piper Sandler upped their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.67.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction 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 transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $147.35 on Wednesday. The company has a 50-day moving average price of $140.98 and a two-hundred day moving average price of $134.11. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $148.02. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a market capitalization of $49.63 billion, a PE ratio of 27.09, a P/E/G ratio of 3.07 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the company earned $1.65 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Kimberly-Clark Company 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.