Hummer Financial Advisory Services Inc Decreases Holdings in Kimberly-Clark Co. (NYSE:KMB)

Hummer Financial Advisory Services Inc decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,565 shares of the company’s stock after selling 100 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Kimberly-Clark were worth $339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark during the 3rd quarter valued at $29,000. DiNuzzo Private Wealth Inc. grew its holdings in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the last quarter. Kennebec Savings Bank purchased a new position in shares of Kimberly-Clark in the third quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth about $39,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.7 %

NYSE KMB opened at $125.35 on Tuesday. The stock’s fifty day moving average price is $132.94 and its 200-day moving average price is $138.31. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The stock has a market cap of $41.80 billion, a P/E ratio of 16.26, a P/E/G ratio of 2.76 and a beta of 0.41. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm 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 for the quarter 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, equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

Insider Activity at Kimberly-Clark

In related 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 value of $417,030.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KMB shares. Barclays upped their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Piper Sandler dropped 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. Wells Fargo & Company reduced their price objective on shares of 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. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Finally, UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. 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’s stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $147.57.

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.