Kerntke Otto McGlone Wealth Management Group Has $278,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Kerntke Otto McGlone Wealth Management Group decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289 shares of the company’s stock after selling 88 shares during the quarter. Kerntke Otto McGlone Wealth Management Group’s holdings in Kimberly-Clark were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of KMB. Emerald Advisors LLC lifted its position in shares of Kimberly-Clark by 4.7% in the fourth quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock worth $245,000 after purchasing an additional 90 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of Kimberly-Clark by 1.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock valued at $780,000 after buying an additional 93 shares during the period. Motco grew its holdings in shares of Kimberly-Clark by 6.9% during the 3rd quarter. Motco now owns 1,463 shares of the company’s stock valued at $177,000 after acquiring an additional 94 shares in the last quarter. S&CO Inc. increased its stake in shares of Kimberly-Clark by 0.4% in the third quarter. S&CO Inc. now owns 24,914 shares of the company’s stock worth $3,010,000 after acquiring an additional 100 shares during the last quarter. Finally, Journey Advisory Group LLC raised its holdings in shares of Kimberly-Clark by 4.3% during the third quarter. Journey Advisory Group LLC now owns 2,436 shares of the company’s stock worth $294,000 after acquiring an additional 100 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMB. Bank of America upped their target price on Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 24th. Piper Sandler raised their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Royal Bank of Canada boosted their target price on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, UBS Group lifted their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $134.85.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $0.41 during mid-day trading on Friday, hitting $136.09. 1,907,297 shares of the company’s stock traded hands, compared to its average volume of 2,559,916. The firm has a market capitalization of $45.82 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 3.89 and a beta of 0.38. The firm has a 50 day moving average of $127.19 and a two-hundred day moving average of $123.33. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $146.15.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 earnings per share. On average, equities analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is presently 89.71%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the sale, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. Insiders have sold a total of 20,562 shares of company stock valued at $2,808,345 over the last three months. 0.62% of the stock is owned by corporate insiders.

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.