Godsey & Gibb Inc. Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Godsey & Gibb Inc. increased its position in Kimberly-Clark Co. (NYSE:KMB) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 145,166 shares of the company’s stock after buying an additional 687 shares during the period. Kimberly-Clark accounts for about 1.9% of Godsey & Gibb Inc.’s holdings, making the stock its 28th largest holding. Godsey & Gibb Inc.’s holdings in Kimberly-Clark were worth $19,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burney Co. raised its holdings in shares of Kimberly-Clark by 6.8% in the 4th quarter. Burney Co. now owns 11,666 shares of the company’s stock worth $1,529,000 after purchasing an additional 740 shares during the period. Wolff Wiese Magana LLC increased its position in Kimberly-Clark by 2.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 8,265 shares of the company’s stock worth $1,083,000 after purchasing an additional 206 shares in the last quarter. Meyer Handelman Co. raised its holdings in Kimberly-Clark by 0.7% in the fourth quarter. Meyer Handelman Co. now owns 439,361 shares of the company’s stock valued at $57,574,000 after buying an additional 3,127 shares during the period. Acropolis Investment Management LLC lifted its position in Kimberly-Clark by 4.2% during the fourth quarter. Acropolis Investment Management LLC now owns 11,516 shares of the company’s stock valued at $1,509,000 after buying an additional 466 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after buying an additional 6,016 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of several recent research reports. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler reduced their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Barclays increased their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.07.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $125.60 on Thursday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market capitalization of $41.89 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company’s 50-day simple moving average is $132.77 and its 200-day simple moving average is $138.22.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. Equities analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.89%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

About Kimberly-Clark

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.