Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,021 shares of the company’s stock after acquiring an additional 414 shares during the period. Brookstone Capital Management’s holdings in Kimberly-Clark were worth $11,670,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Rise Advisors LLC lifted its stake in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new position in Kimberly-Clark during the second quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark during the first quarter valued at about $27,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark during the second quarter valued at about $28,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $32,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. TD Cowen assumed coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. Piper Sandler raised their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their target price for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Finally, Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $146.00.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $142.18 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The company has a fifty day simple moving average of $142.35 and a 200-day simple moving average of $137.53. The stock has a market cap of $47.87 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a 12-month low of $116.63 and a 12-month high of $149.30.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.43%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Kimberly-Clark Company 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.