Hutchens & Kramer Investment Management Group LLC Buys 184 Shares of Kimberly-Clark Co. (NYSE:KMB)

Hutchens & Kramer Investment Management Group LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,918 shares of the company’s stock after acquiring an additional 184 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Kimberly-Clark were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $26,000. Rise Advisors LLC increased its holdings in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark in the second quarter worth $28,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the first quarter valued at $27,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark during the third quarter valued at $39,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler upped their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. BNP Paribas initiated coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective on the stock. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, TD Cowen started coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $149.14.

Kimberly-Clark Trading Up 1.2 %

KMB stock traded up $1.67 during midday trading on Tuesday, reaching $145.21. 1,964,008 shares of the company traded hands, compared to its average volume of 2,097,340. The firm has a market capitalization of $48.89 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The business has a 50 day moving average of $142.71 and a 200-day moving average of $137.97. Kimberly-Clark Co. has a 52-week low of $116.63 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company earned $1.65 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.36%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

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.