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

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

Other hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Kimberly-Clark in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the second quarter worth about $27,000. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark in the fourth quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. raised its position in Kimberly-Clark by 96.6% in 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 period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $97.60 on Friday. The company’s 50 day moving average is $97.69 and its 200-day moving average is $101.31. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $144.30. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The firm has a market cap of $32.40 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 4.49 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $1.93 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on KMB shares. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Barclays lowered their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Bank of America lowered their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. 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’s stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $114.93.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,096 shares of company stock worth $689,687. Insiders own 0.75% of the company’s stock.

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.