Rhumbline Advisers Raises Position in Kimberly-Clark Co. (NYSE:KMB)

Rhumbline Advisers raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 696,649 shares of the company’s stock after purchasing an additional 916 shares during the quarter. Rhumbline Advisers owned 0.21% of Kimberly-Clark worth $96,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of Kimberly-Clark by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 50,139 shares of the company’s stock valued at $6,092,000 after acquiring an additional 2,078 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Kimberly-Clark by 7.5% during the fourth quarter. Summit Trail Advisors LLC now owns 5,347 shares of the company’s stock valued at $656,000 after acquiring an additional 372 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Kimberly-Clark by 12.4% during the fourth quarter. Private Advisor Group LLC now owns 39,601 shares of the company’s stock valued at $4,812,000 after acquiring an additional 4,375 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Kimberly-Clark by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 26,221 shares of the company’s stock valued at $3,186,000 after acquiring an additional 491 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Kimberly-Clark by 9.8% during the fourth quarter. Apollon Wealth Management LLC now owns 10,500 shares of the company’s stock valued at $1,276,000 after acquiring an additional 935 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 1.9 %

Shares of KMB stock opened at $147.35 on Wednesday. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $148.02. The company has a market capitalization of $49.63 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.07 and a beta of 0.37. The business’s fifty day moving average is $140.98 and its 200 day moving average is $134.11.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $1.65 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.31%. Kimberly-Clark’s payout ratio is 89.71%.

Analyst Ratings Changes

A number of brokerages recently commented on KMB. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Barclays reduced their price objective on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, BNP Paribas assumed coverage on Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $145.67.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.