Easterly Investment Partners LLC Purchases Shares of 59,822 Kimberly-Clark Corporation $KMB

Easterly Investment Partners LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 59,822 shares of the company’s stock, valued at approximately $6,035,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in shares of Kimberly-Clark by 3.7% during the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock worth $49,690,000 after acquiring an additional 14,386 shares during the period. Jain Global LLC bought a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $11,973,000. Nordea Investment Management AB boosted its stake in shares of Kimberly-Clark by 13.7% during the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock worth $281,258,000 after acquiring an additional 334,598 shares during the period. Jefferies Financial Group Inc. boosted its stake in shares of Kimberly-Clark by 37.9% during the 3rd quarter. Jefferies Financial Group Inc. now owns 93,076 shares of the company’s stock worth $11,573,000 after acquiring an additional 25,576 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Kimberly-Clark by 71.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 31,733 shares of the company’s stock worth $3,946,000 after acquiring an additional 13,268 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KMB shares. Piper Sandler reduced their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Barclays dropped their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft dropped their price target 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, UBS Group lifted their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $114.93.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Kimberly-Clark 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. In the last quarter, insiders sold 7,096 shares of company stock worth $689,687. Corporate insiders own 0.75% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $97.60 on Monday. The stock’s fifty day moving average price is $97.69 and its two-hundred day moving average price is $101.29. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $144.30. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The firm has a market cap of $32.40 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 4.38 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last posted 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. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the company earned $1.93 EPS. The company’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

Kimberly-Clark Company 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.