Strategic Investment Advisors MI Takes $802,000 Position in Kimberly-Clark Corporation $KMB

Strategic Investment Advisors MI purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,314 shares of the company’s stock, valued at approximately $802,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after acquiring an additional 24,698 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC lifted its holdings in shares of Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after acquiring an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its stake in shares of Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after purchasing an additional 1,811 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Katy Chen sold 1,596 shares of the business’s 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through 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 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. 0.75% of the stock is currently owned by insiders.

Kimberly-Clark Stock Down 2.7%

Shares of NASDAQ KMB opened at $110.19 on Friday. The company has a 50 day simple moving average of $105.56 and a 200 day simple moving average of $102.41. 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 1 year low of $92.42 and a 1 year high of $137.46. The firm has a market cap of $36.58 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 5.08 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm posted $1.93 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Analysts Set New Price Targets

KMB has been the topic of several research reports. UBS Group lifted their price target on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Piper Sandler increased their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Finally, Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Four investment 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $117.93.

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.