Royal Fund Management LLC Increases Stake in Kimberly-Clark Co. (NYSE:KMB)

Royal Fund Management LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 109.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,448 shares of the company’s stock after buying an additional 27,887 shares during the quarter. Royal Fund Management LLC’s holdings in Kimberly-Clark were worth $7,111,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark during the 2nd quarter worth $26,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by insiders.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $127.33 on Tuesday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The firm has a 50 day moving average price of $132.41 and a 200 day moving average price of $137.98. The company has a market cap of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 3.56 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last released 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. 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 the consensus estimate of $5.06 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict that Kimberly-Clark Co. will post 7.32 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.83%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KMB shares. Piper Sandler cut their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, Barclays cut their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.71.

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.