K.J. Harrison & Partners Inc Sells 5,000 Shares of Kimberly-Clark Corporation $KMB

K.J. Harrison & Partners Inc lowered its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 25.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 5,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Kimberly-Clark were worth $1,447,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Greatmark Investment Partners Inc. lifted its holdings in shares of Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after buying an additional 100 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $64,000 after buying an additional 103 shares during the last quarter. Finally, Core Wealth Partners LLC boosted its stake in Kimberly-Clark by 2.6% in the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after buying an additional 112 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,096 shares of company stock worth $689,687 in the last quarter. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $114.72 on Friday. The business has a 50 day moving average of $100.78 and a 200 day moving average of $101.12. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The company has a market cap of $38.08 billion, a PE ratio of 18.01, a P/E/G ratio of 5.14 and a beta of 0.26. 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 (NASDAQ:KMB) last released its quarterly earnings results 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. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business posted $1.93 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share 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 given a dividend of $1.28 per share. The ex-dividend date was Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 4.5%. Kimberly-Clark’s payout ratio is currently 80.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KMB. Barclays lowered their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Piper Sandler upped their price target 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Bank of America dropped their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $115.43.

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.