Patrick Mauro Investment Advisor INC. Buys 8,795 Shares of Kimberly-Clark Corporation $KMB

Patrick Mauro Investment Advisor INC. raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 39.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,092 shares of the company’s stock after purchasing an additional 8,795 shares during the period. Kimberly-Clark accounts for 1.6% of Patrick Mauro Investment Advisor INC.’s holdings, making the stock its 22nd biggest holding. Patrick Mauro Investment Advisor INC.’s holdings in Kimberly-Clark were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Cloud Capital Management LLC bought a new stake in Kimberly-Clark in the third quarter valued at $25,000. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the second quarter valued at $27,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on KMB shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. UBS Group lifted their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Piper Sandler reduced their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Stock Down 2.5%

Shares of NASDAQ KMB opened at $97.60 on Friday. The stock has a market capitalization of $32.40 billion, a P/E ratio of 15.32, a P/E/G ratio of 4.49 and a beta of 0.29. The company has a 50-day moving average price of $97.69 and a 200-day moving average price of $101.31. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $144.30. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s payout ratio is 80.38%.

Kimberly-Clark Company 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.