O Domhnaill Enterprises Inc. Increases Stake in Kimberly-Clark Corporation $KMB

O Domhnaill Enterprises Inc. lifted its position in Kimberly-Clark Corporation (NASDAQ:KMBFree Report) by 154.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 25,242 shares of the company’s stock after buying an additional 15,317 shares during the period. Kimberly-Clark accounts for 2.0% of O Domhnaill Enterprises Inc.’s portfolio, making the stock its 23rd biggest position. O Domhnaill Enterprises Inc.’s holdings in Kimberly-Clark were worth $2,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ally Financial Inc. purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $1,009,000. Jain Global LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $11,973,000. Westpac Banking Corp raised its stake in shares of Kimberly-Clark by 25.0% during the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after acquiring an additional 10,811 shares in the last quarter. Nordea Investment Management AB lifted its position in Kimberly-Clark by 13.7% during the fourth quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock valued at $281,258,000 after acquiring an additional 334,598 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in Kimberly-Clark by 37.9% during the third quarter. Jefferies Financial Group Inc. now owns 93,076 shares of the company’s stock valued at $11,573,000 after acquiring an additional 25,576 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Bank of America lowered their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. UBS Group boosted their target price on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Piper Sandler upped their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $115.43.

Get Our Latest Stock Analysis on Kimberly-Clark

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $2.58 during mid-day trading on Tuesday, reaching $115.59. 905,704 shares of the company traded hands, compared to its average volume of 5,253,099. The firm’s fifty day moving average is $101.08 and its two-hundred day moving average is $101.18. The company has a market capitalization of $38.37 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 5.14 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 earnings per share. On average, equities research analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $1.28 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.4%. Kimberly-Clark’s payout ratio is currently 80.38%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is currently owned by insiders.

About Kimberly-Clark

(Free Report)

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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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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