Pinebridge Investments LLC bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) during the 4th quarter, Holdings Channel reports. The fund bought 327,444 shares of the company’s stock, valued at approximately $33,036,000.
Several other hedge funds have also recently made changes to their positions in the business. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth $27,000. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark during the 4th quarter valued at $25,000. Eagle Bay Advisors LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. boosted its stake in Kimberly-Clark by 96.6% during the 4th 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 during the last quarter. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $32,000. 76.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on KMB shares. Barclays lowered their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. UBS Group upped their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Piper Sandler lowered their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, Bank of America lowered their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Four 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. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $114.93.
Kimberly-Clark Stock Performance
Shares of KMB opened at $99.04 on Friday. 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 business has a 50-day simple moving average of $97.47 and a two-hundred day simple moving average of $101.06. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 4.24 and a beta of 0.28. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 earnings per share. On average, analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current year.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,096 shares of company stock valued at $689,687 in the last 90 days. 0.75% of the stock is currently owned by company insiders.
Kimberly-Clark News Summary
Here are the key news stories impacting Kimberly-Clark this week:
- Positive Sentiment: Jim Cramer highlighted Kimberly-Clark as an attractive staple stock, saying he likes it partly because of its pending merger with Kenvue, which may have helped boost investor interest in the name. Article
- Positive Sentiment: Investors are also focusing on Kimberly-Clark’s recent conference presentation and its upcoming dividend schedule, which can attract income-oriented buyers and support the stock during periods of market volatility. Article
- Positive Sentiment: The broader move into consumer staples also appears to be helping, as investors rotate toward more defensive sectors amid sharp weakness in the overall market. Article
- Neutral Sentiment: Kimberly-Clark’s recent conference appearance and prior earnings update reinforced steady fundamentals, but there was no single new operating headline driving the move. Article
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.
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