Caprock Group LLC Purchases New Holdings in Kimberly-Clark Corporation $KMB

Caprock Group LLC acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 15,385 shares of the company’s stock, valued at approximately $1,987,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark during the third quarter worth $25,000. Princeton Global Asset Management LLC lifted its stake in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the period. Winnow Wealth LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth about $27,000. Finally, True Wealth Design LLC raised its holdings in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KMB has been the topic of several recent analyst reports. Evercore reiterated an “in-line” rating and set a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Barclays set a $102.00 target price on shares of Kimberly-Clark in a research report on Friday, January 16th. Finally, TD Cowen cut their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $118.58.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction 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 SEC, which is available through this link. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $109.41 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The stock has a market cap of $36.31 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 4.25 and a beta of 0.26. The company’s 50-day moving average price is $101.45 and its 200 day moving average price is $113.87. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is 83.03%.

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.