Entropy Technologies LP Boosts Holdings in Kimberly-Clark Corporation $KMB

Entropy Technologies LP lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 748.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,369 shares of the company’s stock after buying an additional 89,427 shares during the quarter. Entropy Technologies LP’s holdings in Kimberly-Clark were worth $10,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in KMB. Norges Bank acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $521,184,000. Massachusetts Financial Services Co. MA grew its position in shares of Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares in the last quarter. State Street Corp grew its position in shares of Kimberly-Clark by 5.0% during the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares in the last quarter. Marshall Wace LLP grew its position in shares of Kimberly-Clark by 331.6% during the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock worth $137,724,000 after buying an additional 851,024 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Kimberly-Clark by 582.1% during the fourth quarter. Renaissance Technologies LLC now owns 851,200 shares of the company’s stock worth $85,878,000 after buying an additional 726,400 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $102.29 on Friday. The company has a market cap of $33.95 billion, a PE ratio of 16.06, a P/E/G ratio of 4.59 and a beta of 0.28. The company has a fifty day moving average price of $97.79 and a two-hundred day moving average price of $100.96. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46.

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

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMB. Bank of America decreased their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Barclays decreased their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. UBS Group raised their price target 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Finally, Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $114.93.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of Kimberly-Clark 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Kimberly-Clark stock in a transaction 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. In the last ninety days, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is currently owned by corporate insiders.

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.