Boyd Watterson Asset Management LLC OH Has $1.23 Million Holdings in Kimberly-Clark Corporation $KMB

Boyd Watterson Asset Management LLC OH increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 65.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,784 shares of the company’s stock after purchasing an additional 5,066 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Kimberly-Clark were worth $1,233,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark during the 4th quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $27,000. CrossGen Wealth LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new position in shares of Kimberly-Clark during the fourth quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the topic of several analyst reports. Barclays reduced their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. UBS Group raised their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Piper Sandler upped their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $115.43.

Kimberly-Clark Trading Up 2.9%

KMB opened at $114.72 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company has a market cap of $38.08 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 5.00 and a beta of 0.26. The company has a fifty day moving average price of $100.42 and a two-hundred day moving average price of $101.02.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 EPS. Analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.