Coston McIsaac & Partners Purchases 992 Shares of Kimberly-Clark Co. (NYSE:KMB)

Coston McIsaac & Partners increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,998 shares of the company’s stock after acquiring an additional 992 shares during the quarter. Kimberly-Clark comprises approximately 1.6% of Coston McIsaac & Partners’ investment portfolio, making the stock its 24th biggest holding. Coston McIsaac & Partners’ holdings in Kimberly-Clark were worth $5,548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark in the second quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the first quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark in the second quarter valued at approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. raised its holdings in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock traded down $1.28 during midday trading on Wednesday, reaching $136.47. 550,622 shares of the company were exchanged, compared to its average volume of 2,111,616. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The business has a 50-day moving average price of $143.26 and a two-hundred day moving average price of $138.67. Kimberly-Clark Co. has a one year low of $116.63 and a one year high of $149.30. The firm has a market capitalization of $45.95 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.58%. Kimberly-Clark’s payout ratio is presently 89.71%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Piper Sandler lifted their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $149.14.

Insider Activity

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated 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 owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

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.