Bleakley Financial Group LLC Buys 10,808 Shares of Kimberly-Clark Corporation $KMB

Bleakley Financial Group LLC increased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 39.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,158 shares of the company’s stock after buying an additional 10,808 shares during the quarter. Bleakley Financial Group LLC’s holdings in Kimberly-Clark were worth $3,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Ally Financial Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at $1,009,000. Westpac Banking Corp lifted its holdings in Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after purchasing an additional 10,811 shares in the last quarter. Nordea Investment Management AB grew its holdings in Kimberly-Clark by 13.7% during the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock valued at $281,258,000 after buying an additional 334,598 shares in the last quarter. Oddo BHF Asset Management Sas grew its stake in Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after acquiring an additional 14,115 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after purchasing an additional 2,628,206 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on KMB. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. UBS Group lifted their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Barclays lowered their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Finally, Piper Sandler increased their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $116.14.

Insider Buying and Selling at Kimberly-Clark

In related news, 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 value of $401,310.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This trade 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. Over the last three months, insiders sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by insiders.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $106.53 on Thursday. The stock’s 50-day moving average is $102.80 and its 200 day moving average is $101.63. 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 cap of $35.36 billion, a P/E ratio of 16.72, a PEG ratio of 4.76 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS 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 analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 EPS. Research analysts predict that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $1.28 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. Kimberly-Clark’s payout ratio is 80.38%.

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.