IRON Financial LLC Boosts Position in Kimberly-Clark Co. (NYSE:KMB)

IRON Financial LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the 4th quarter, HoldingsChannel reports. The firm owned 5,788 shares of the company’s stock after purchasing an additional 151 shares during the period. IRON Financial LLC’s holdings in Kimberly-Clark were worth $758,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark during the second quarter valued at $26,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. raised its stake 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 worth $32,000 after buying an additional 202 shares during the period. Kennebec Savings Bank purchased a new position in shares of Kimberly-Clark during the 3rd quarter valued at about $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $39,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Barclays decreased their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group lowered their target price on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Piper Sandler cut their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Citigroup lowered their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $143.71.

Insider Transactions at Kimberly-Clark

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

Kimberly-Clark Stock Up 2.2 %

NYSE KMB opened at $131.27 on Tuesday. The stock has a 50 day moving average price of $131.85 and a 200-day moving average price of $137.56. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. 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 company has a market capitalization of $43.77 billion, a P/E ratio of 17.03, a P/E/G ratio of 3.53 and a beta of 0.41.

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 $1.22 dividend. 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 3.72%. Kimberly-Clark’s payout ratio is currently 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.