Strategic Investment Advisors MI Makes New Investment in Kimberly-Clark Corporation $KMB

Strategic Investment Advisors MI purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMBFree Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,314 shares of the company’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMB. Ally Financial Inc. bought a new position in Kimberly-Clark during the fourth quarter worth $1,009,000. Westpac Banking Corp raised its position in shares of Kimberly-Clark by 25.0% in the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after purchasing an additional 10,811 shares during the period. Oddo BHF Asset Management Sas raised its position in shares of Kimberly-Clark by 29.6% in the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after purchasing an additional 14,115 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $1,047,000. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Bank of America decreased their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Piper Sandler boosted their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Wells Fargo & Company upped their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Finally, UBS Group increased their price objective on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $117.93.

View Our Latest Research Report on KMB

Kimberly-Clark Stock Down 2.7%

NASDAQ KMB opened at $110.19 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company has a market cap of $36.58 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 5.08 and a beta of 0.26. The company has a 50 day moving average of $105.56 and a 200-day moving average of $102.41. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 earnings per share. On average, equities research analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insiders Place Their Bets

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 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 disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by company insiders.

Kimberly-Clark Company Profile

(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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