Kimberly-Clark Corporation $KMB Shares Acquired by Kerusso Capital Management LLC

Kerusso Capital Management LLC raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,475 shares of the company’s stock after buying an additional 5,663 shares during the period. Kerusso Capital Management LLC’s holdings in Kimberly-Clark were worth $2,873,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KMB. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the third quarter worth approximately $25,000. True Wealth Design LLC boosted 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 buying an additional 135 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter worth approximately $27,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark during the fourth quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. TD Cowen reduced their target price 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. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Bank of America reduced their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $114.86.

Insider Activity

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by company insiders.

Kimberly-Clark Trading Up 1.2%

Kimberly-Clark stock opened at $97.93 on Friday. The company has a 50 day moving average price of $101.40 and a 200 day moving average price of $104.46. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The firm has a market capitalization of $32.51 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 3.72 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. Research analysts forecast that Kimberly-Clark Corporation will post 7.54 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were paid a dividend of $1.28 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is 84.35%.

About Kimberly-Clark

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.