Atwood & Palmer Inc. Has $5.85 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Atwood & Palmer Inc. lowered its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,631 shares of the company’s stock after selling 1,125 shares during the period. Atwood & Palmer Inc.’s holdings in Kimberly-Clark were worth $5,848,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the 2nd quarter worth about $26,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the third quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. raised its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Kimberly-Clark in the third quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark in the third quarter valued at approximately $39,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of several analyst reports. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Citigroup lowered 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 note on Wednesday, January 15th. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.71.

Kimberly-Clark Trading Up 0.5 %

NYSE KMB opened at $127.33 on Tuesday. The stock has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 3.56 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock’s 50 day moving average price is $132.41 and its two-hundred day moving average price is $137.98. 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, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for 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%. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 earnings per share. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

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.