HS Management Partners LLC Takes $6.37 Million Position in Kimberly-Clark Corporation $KMB

HS Management Partners LLC acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 66,025 shares of the company’s stock, valued at approximately $6,369,000. Kimberly-Clark comprises approximately 2.2% of HS Management Partners LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the second quarter worth approximately $27,000. Godfrey Financial Associates Inc. bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth $28,000. CrossGen Wealth LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth $27,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of 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 purchasing an additional 140 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock worth $689,687 in the last quarter. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $114.72 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The stock has a market cap of $38.08 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 5.14 and a beta of 0.26. The business has a fifty day simple moving average of $100.78 and a 200-day simple moving average of $101.12.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.Kimberly-Clark’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $1.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.5%. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KMB shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Barclays decreased 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. Finally, UBS Group lifted their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Four 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 company’s stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $115.43.

Kimberly-Clark Company 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.