Golden State Wealth Management LLC Purchases Shares of 242 Kimberly-Clark Co. (NYSE:KMB)

Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 242 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the third quarter worth about $39,000. Fiduciary Alliance LLC acquired a new position in Kimberly-Clark in the 3rd quarter worth about $283,000. Wesbanco Bank Inc. boosted its position in Kimberly-Clark by 0.9% during the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after purchasing an additional 71 shares in the last quarter. Creative Planning grew its holdings in Kimberly-Clark by 1.3% in the third quarter. Creative Planning now owns 75,147 shares of the company’s stock valued at $10,692,000 after purchasing an additional 943 shares during the period. Finally, Swedbank AB increased its position in shares of Kimberly-Clark by 3.0% in the third quarter. Swedbank AB now owns 171,142 shares of the company’s stock valued at $24,350,000 after buying an additional 5,034 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $133.22 on Wednesday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market capitalization of $44.43 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. The firm’s 50-day moving average is $130.06 and its two-hundred day moving average is $136.66. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Analysts predict that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.78%. Kimberly-Clark’s dividend payout ratio is currently 64.64%.

Insider Buying and Selling

In other Kimberly-Clark 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 completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of research analyst reports. Barclays dropped their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Finally, UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $143.64.

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.