Poehling Capital Management INC. Invests $1.47 Million in Kimberly-Clark Corporation $KMB

Poehling Capital Management INC. purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 1st quarter, Holdings Channel reports. The firm purchased 15,190 shares of the company’s stock, valued at approximately $1,465,000.

Other institutional investors have also made changes to their positions in the company. Grey Ledge Advisors LLC boosted its stake in shares of Kimberly-Clark by 2.7% in the 1st quarter. Grey Ledge Advisors LLC now owns 8,491 shares of the company’s stock valued at $819,000 after purchasing an additional 223 shares in the last quarter. Meyer Handelman Co. boosted its stake in Kimberly-Clark by 1.4% in the first quarter. Meyer Handelman Co. now owns 447,415 shares of the company’s stock worth $43,162,000 after purchasing an additional 6,090 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Kimberly-Clark during the 1st quarter worth about $1,630,000. Longview Financial Advisors Inc. acquired a new position in Kimberly-Clark during the 1st quarter worth about $112,000. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Kimberly-Clark by 19.3% during the first quarter. Kestra Private Wealth Services LLC now owns 37,783 shares of the company’s stock worth $3,645,000 after purchasing an additional 6,100 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMB. Piper Sandler raised their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group raised their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Bank of America reduced their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $115.43.

Kimberly-Clark Stock Up 1.2%

Shares of Kimberly-Clark stock opened at $109.37 on Friday. The business has a fifty day simple moving average of $99.34 and a 200 day simple moving average of $100.79. The stock has a market cap of $36.30 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 4.85 and a beta of 0.28. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion for 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 revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.93 earnings per share. Research analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s payout ratio is currently 80.38%.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction 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 owned 8,362 shares of the company’s stock, valued at $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 is available at 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 firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Insiders sold 7,096 shares of company stock valued at $689,687 in the last ninety days. Insiders own 0.75% of the company’s stock.

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.