Evergreen Capital Management LLC Increases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Evergreen Capital Management LLC increased its stake in Kimberly-Clark Co. (NYSE:KMB) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,741 shares of the company’s stock after buying an additional 506 shares during the quarter. Evergreen Capital Management LLC’s holdings in Kimberly-Clark were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Rise Advisors LLC boosted its stake in shares of Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the period. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth approximately $32,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. TD Cowen started coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price target for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. Finally, BNP Paribas initiated coverage on Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $145.67.

Insider Activity

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

Kimberly-Clark Trading Up 0.1 %

NYSE KMB opened at $141.20 on Thursday. The firm has a market cap of $47.56 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The company has a 50 day moving average price of $142.27 and a 200 day moving average price of $136.39.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid 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 dividend yield of 3.46%. Kimberly-Clark’s payout ratio is 89.71%.

About Kimberly-Clark

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.