Farmers & Merchants Investments Inc. Purchases 349 Shares of Kimberly-Clark Co. (NYSE:KMB)

Farmers & Merchants Investments Inc. lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 0.8% during the 3rd quarter, Holdings Channel reports. The firm owned 42,861 shares of the company’s stock after buying an additional 349 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Kimberly-Clark were worth $6,098,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $26,000. Crewe Advisors LLC bought a new stake in Kimberly-Clark during the 1st quarter worth about $27,000. New Millennium Group LLC bought a new stake in Kimberly-Clark during the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the 2nd quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Piper Sandler increased their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group reduced their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Up 0.0 %

Shares of NYSE:KMB traded up $0.03 during midday trading on Tuesday, hitting $135.65. The stock had a trading volume of 139,006 shares, compared to its average volume of 2,111,276. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The business’s 50-day simple moving average is $142.79 and its 200-day simple moving average is $138.94. Kimberly-Clark Co. has a 12 month low of $117.46 and a 12 month high of $149.30. The company has a market cap of $45.67 billion, a P/E ratio of 24.93, a PEG ratio of 2.89 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the business posted $1.74 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

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.