Vista Investment Partners LLC Invests $612,000 in Kimberly-Clark Co. (NYSE:KMB)

Vista Investment Partners LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,671 shares of the company’s stock, valued at approximately $612,000.

A number of other institutional investors have also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the second quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Kennebec Savings Bank purchased a new position in Kimberly-Clark during the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Trading Up 1.1 %

Kimberly-Clark stock opened at $128.40 on Friday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company’s fifty day moving average price is $131.85 and its two-hundred day moving average price is $137.60. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company has a market capitalization of $42.82 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 3.53 and a beta of 0.41.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is 63.29%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMB. JPMorgan Chase & Co. decreased their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Friday. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Piper Sandler decreased their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.71.

About Kimberly-Clark

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.