GAMMA Investing LLC Lowers Position in Kimberly-Clark Corporation $KMB

GAMMA Investing LLC lessened its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 52.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,475 shares of the company’s stock after selling 7,142 shares during the quarter. GAMMA Investing LLC’s holdings in Kimberly-Clark were worth $653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. PVG Asset Management Corp purchased a new position in Kimberly-Clark in the 3rd quarter worth approximately $543,000. Triumph Capital Management purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $75,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $945,000. Saranac Partners Ltd bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth $150,000. Finally, IFP Advisors Inc grew its position in Kimberly-Clark by 25.2% in the third quarter. IFP Advisors Inc now owns 12,037 shares of the company’s stock worth $1,523,000 after acquiring an additional 2,423 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $98.25 on Monday. The company has a 50-day simple moving average of $103.45 and a two-hundred day simple moving average of $108.93. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $147.12. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.49 and a beta of 0.24. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is 84.35%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KMB shares. Wells Fargo & Company set a $110.00 target price on Kimberly-Clark in a research note on Tuesday, February 17th. Piper Sandler cut their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. UBS Group raised their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $116.42.

Kimberly-Clark Profile

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.