Resona Asset Management Co. Ltd. Has $13.38 Million Position in Kimberly-Clark Corporation $KMB

Resona Asset Management Co. Ltd. cut its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,731 shares of the company’s stock after selling 8,645 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Kimberly-Clark were worth $13,379,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the 4th quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the second quarter worth approximately $27,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

NASDAQ:KMB traded up $2.48 during trading hours on Friday, reaching $112.41. 3,342,307 shares of the company were exchanged, compared to its average volume of 4,534,243. The business has a 50 day moving average of $102.23 and a 200 day moving average of $101.47. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The company has a market capitalization of $37.31 billion, a P/E ratio of 17.65, a P/E/G ratio of 4.93 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 EPS. Research analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Insider Activity

In other news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,096 shares of company stock valued at $689,687 in the last ninety days. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Wells Fargo & Company lifted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday. Piper Sandler boosted their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, UBS Group upped their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $116.14.

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.