Tyche Wealth Partners LLC Purchases Shares of 5,141 Kimberly-Clark Co. (NYSE:KMB)

Tyche Wealth Partners LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,141 shares of the company’s stock, valued at approximately $625,000.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in shares of Kimberly-Clark during the third quarter worth approximately $25,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Kimberly-Clark during the third quarter worth $26,000. Cranbrook Wealth Management LLC boosted its position in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Centerpoint Advisors LLC grew its stake in shares of Kimberly-Clark by 175.0% in the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. Finally, Cornerstone Planning Group LLC bought a new position in Kimberly-Clark during the second quarter worth about $34,000. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, Director Mark T. Smucker bought 827 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the purchase, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Mark T. Smucker purchased 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the acquisition, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now directly owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. The Goldman Sachs Group started coverage on shares of Kimberly-Clark in a research report on Friday, March 1st. They set a “buy” rating and a $135.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. upped their target price on Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. HSBC raised their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Barclays increased their price target on shares of Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $132.43.

Kimberly-Clark Stock Down 0.1 %

Shares of KMB traded down $0.12 on Wednesday, reaching $125.28. The company’s stock had a trading volume of 2,296,007 shares, compared to its average volume of 1,909,675. The stock has a market capitalization of $42.21 billion, a PE ratio of 24.09, a PEG ratio of 3.77 and a beta of 0.40. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The firm has a fifty day moving average of $123.91 and a 200-day moving average of $122.23.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the company posted $1.54 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Co. will post 6.84 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were issued a $1.22 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.90%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio is presently 93.85%.

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.