Orleans Capital Management Corp LA Makes New Investment in Kimberly-Clark Corporation $KMB

Orleans Capital Management Corp LA acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,553 shares of the company’s stock, valued at approximately $1,018,000.

Other large investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the second quarter worth $27,000. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $28,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $27,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 1.4%

Shares of Kimberly-Clark stock opened at $107.31 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The stock has a market capitalization of $35.62 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 4.85 and a beta of 0.26. The company has a 50-day simple moving average of $104.11 and a 200 day simple moving average of $101.94. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.93 earnings per share. Research analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on KMB shares. Bank of America lowered 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. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Piper Sandler upped their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft dropped their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Four 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.93.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,096 shares of company stock worth $689,687 over the last three months. 0.75% of the stock is owned by company 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.