Pine Valley Investments Ltd Liability Co lifted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 123.3% in the 1st quarter, Holdings Channel reports. The firm owned 32,350 shares of the company’s stock after buying an additional 17,866 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Kimberly-Clark were worth $3,123,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of KMB. Greatmark Investment Partners Inc. raised its holdings in Kimberly-Clark by 2.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Kimberly-Clark by 18.3% during the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after acquiring an additional 103 shares during the last quarter. Finally, Core Wealth Partners LLC raised its stake in shares of Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after acquiring an additional 112 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have issued reports on KMB. Wells Fargo & Company upped their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Piper Sandler boosted their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Finally, Bank of America decreased their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.93.
Kimberly-Clark Stock Down 1.6%
Shares of KMB stock opened at $107.56 on Tuesday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. 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 $35.70 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 4.90 and a beta of 0.26. The stock has a 50 day moving average of $105.93 and a 200-day moving average of $102.55.
Kimberly-Clark Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.8%. Kimberly-Clark’s payout ratio is 80.38%.
Insider Buying and Selling
In related news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.
About Kimberly-Clark
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.
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