AdvisorNet Financial Inc Has $51,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

AdvisorNet Financial Inc lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386 shares of the company’s stock after selling 142 shares during the period. AdvisorNet Financial Inc’s holdings in Kimberly-Clark were worth $51,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the third quarter valued at $29,000. DiNuzzo Private Wealth Inc. raised its stake in shares of 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 during the last quarter. Kennebec Savings Bank bought a new position in shares of Kimberly-Clark during the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Kimberly-Clark during the third quarter valued at $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $127.33 on Friday. The company has a market cap of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. The firm’s fifty day moving average is $132.41 and its 200 day moving average is $137.98. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their target price 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. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays cut 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 report on Friday. Citigroup lowered their price objective 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. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $143.71.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the firm’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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by insiders.

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.