Retirement Guys Formula LLC Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Retirement Guys Formula LLC increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 23.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,103 shares of the company’s stock after purchasing an additional 1,335 shares during the quarter. Retirement Guys Formula LLC’s holdings in Kimberly-Clark were worth $1,010,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Schroder Investment Management Group raised its holdings in shares of Kimberly-Clark by 2.8% in the 4th quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock worth $60,615,000 after purchasing an additional 12,768 shares during the period. Unigestion Holding SA increased its position in Kimberly-Clark by 8.2% in the first quarter. Unigestion Holding SA now owns 127,623 shares of the company’s stock worth $18,145,000 after buying an additional 9,643 shares during the last quarter. Farmers Trust Co. increased its position in Kimberly-Clark by 108.6% in the first quarter. Farmers Trust Co. now owns 45,088 shares of the company’s stock worth $6,412,000 after buying an additional 23,472 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Kimberly-Clark by 106,600.0% in the first quarter. NBC Securities Inc. now owns 7,469 shares of the company’s stock valued at $1,062,000 after buying an additional 7,462 shares during the period. Finally, Strong Tower Advisory Services lifted its position in shares of Kimberly-Clark by 14.8% during the 1st quarter. Strong Tower Advisory Services now owns 16,337 shares of the company’s stock valued at $2,198,000 after buying an additional 2,110 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Wall Street Zen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. UBS Group lifted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Barclays dropped their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $143.73.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $130.13 on Tuesday. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $43.18 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. The firm’s 50 day simple moving average is $135.71 and its 200 day simple moving average is $134.86.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.87%. Kimberly-Clark’s payout ratio is currently 68.66%.

Insider Activity

In other news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark 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.