Brooklyn Investment Group Invests $120,000 in Kimberly-Clark Co. (NYSE:KMB)

Brooklyn Investment Group bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 844 shares of the company’s stock, valued at approximately $120,000.

Several other hedge funds also recently made changes to their positions in KMB. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $26,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $28,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of 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 acquiring an additional 202 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $139.20 on Thursday. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The firm has a fifty day simple moving average of $138.54 and a 200 day simple moving average of $139.21. The company has a market capitalization of $46.42 billion, a PE ratio of 18.05, a P/E/G ratio of 2.92 and a beta of 0.40. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter last year, the firm earned $1.74 earnings per share. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group cut their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.93.

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.