Rockline Wealth Management LLC Purchases 815 Shares of Kimberly-Clark Co. (NYSE:KMB)

Rockline Wealth Management LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,282 shares of the company’s stock after buying an additional 815 shares during the quarter. Rockline Wealth Management LLC’s holdings in Kimberly-Clark were worth $2,458,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after buying an additional 4,603,787 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock valued at $1,387,709,000 after purchasing an additional 529,223 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock valued at $1,113,444,000 after purchasing an additional 797,953 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Kimberly-Clark by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock valued at $986,616,000 after purchasing an additional 417,118 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after purchasing an additional 1,015,141 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KMB has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. UBS Group raised their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays cut their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.73.

Kimberly-Clark Stock Up 0.3%

Kimberly-Clark stock opened at $128.29 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The firm has a 50 day moving average price of $135.96 and a two-hundred day moving average price of $134.93. The firm has a market cap of $42.57 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the business earned $2.01 EPS. Equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.93%. Kimberly-Clark’s payout ratio is 68.66%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider now owns 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.64% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.