Park Avenue Securities LLC Boosts Holdings in Kimberly-Clark Co. (NYSE:KMB)

Park Avenue Securities LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,661 shares of the company’s stock after acquiring an additional 174 shares during the period. Park Avenue Securities LLC’s holdings in Kimberly-Clark were worth $451,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KMB. First Merchants Corp lifted its position in Kimberly-Clark by 2.4% during the 4th quarter. First Merchants Corp now owns 26,723 shares of the company’s stock valued at $3,819,000 after acquiring an additional 619 shares during the period. NN Investment Partners Holdings N.V. lifted its position in Kimberly-Clark by 397.7% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 147,570 shares of the company’s stock valued at $21,092,000 after acquiring an additional 117,920 shares during the period. Brown Advisory Inc. lifted its position in Kimberly-Clark by 116.7% during the 4th quarter. Brown Advisory Inc. now owns 550,988 shares of the company’s stock valued at $78,746,000 after acquiring an additional 296,706 shares during the period. Capital Advisors Inc. OK lifted its position in Kimberly-Clark by 1.9% during the 4th quarter. Capital Advisors Inc. OK now owns 4,045 shares of the company’s stock valued at $578,000 after acquiring an additional 74 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Kimberly-Clark by 2.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 332,078 shares of the company’s stock valued at $47,461,000 after purchasing an additional 7,579 shares in the last quarter. 74.32% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $133.42 on Tuesday. The firm has a 50 day moving average of $131.51 and a 200 day moving average of $131.66. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 9.49. The firm has a market capitalization of $44.95 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 4.59 and a beta of 0.33. Kimberly-Clark Co. has a 12-month low of $117.32 and a 12-month high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its earnings results on Friday, April 22nd. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.92 billion. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 earnings per share. On average, research analysts anticipate that Kimberly-Clark Co. will post 5.76 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $4.64 annualized dividend and a yield of 3.48%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.40%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Doug Cunningham sold 3,627 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total transaction of $500,526.00. Following the transaction, the insider now owns 4,242 shares of the company’s stock, valued at $585,396. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kimberly-Clark news, insider Tristram Wilkinson sold 2,069 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total transaction of $283,804.73. Following the transaction, the insider now owns 14,102 shares of the company’s stock, valued at $1,934,371.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Doug Cunningham sold 3,627 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $138.00, for a total transaction of $500,526.00. Following the transaction, the insider now directly owns 4,242 shares in the company, valued at approximately $585,396. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,394 shares of company stock worth $6,625,387. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays reduced their price objective on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada raised their price objective on shares of Kimberly-Clark from $122.00 to $124.00 and gave the company a “sector perform” rating in a research note on Monday, April 25th. Morgan Stanley raised their price objective on shares of Kimberly-Clark from $133.00 to $137.00 and gave the company an “equal weight” rating in a research note on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $130.00 to $138.00 in a research note on Monday, April 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $130.71.

Kimberly-Clark Company Profile

(Get Rating)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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

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