Clark & Stuart Inc Purchases 23,052 Shares of Kimberly-Clark Corporation $KMB

Clark & Stuart Inc boosted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 68.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,883 shares of the company’s stock after acquiring an additional 23,052 shares during the period. Kimberly-Clark accounts for 4.0% of Clark & Stuart Inc’s portfolio, making the stock its 10th largest position. Clark & Stuart Inc’s holdings in Kimberly-Clark were worth $5,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Brighton Jones LLC raised its stake in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Kimberly-Clark by 6.5% in the second quarter. Wealthspire Advisors LLC now owns 5,950 shares of the company’s stock valued at $767,000 after acquiring an additional 362 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Kimberly-Clark by 19.9% in the second quarter. Handelsbanken Fonder AB now owns 186,624 shares of the company’s stock valued at $24,060,000 after acquiring an additional 31,038 shares during the last quarter. Swiss National Bank grew its holdings in Kimberly-Clark by 6.7% during the 2nd quarter. Swiss National Bank now owns 1,003,900 shares of the company’s stock worth $129,423,000 after acquiring an additional 63,400 shares during the period. Finally, Mediolanum International Funds Ltd raised its position in shares of Kimberly-Clark by 0.3% during the 2nd quarter. Mediolanum International Funds Ltd now owns 129,468 shares of the company’s stock valued at $16,558,000 after acquiring an additional 443 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

KMB stock opened at $98.25 on Friday. The business’s 50-day moving average price is $103.45 and its two-hundred day moving average price is $109.06. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The firm has a market cap of $32.61 billion, a PE ratio of 16.19, a P/E/G ratio of 3.49 and a beta of 0.24. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 earnings per share. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is presently 84.35%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KMB shares. Barclays set a $102.00 price objective on Kimberly-Clark in a report on Friday, January 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup cut their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Finally, BNP Paribas Exane reissued a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research note on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $116.42.

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.