Kimberly-Clark Corporation $KMB Shares Purchased by Brookstone Capital Management

Brookstone Capital Management increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,028 shares of the company’s stock after purchasing an additional 5,922 shares during the quarter. Brookstone Capital Management’s holdings in Kimberly-Clark were worth $9,991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its stake in Kimberly-Clark by 186.9% during the third quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock worth $5,408,000 after purchasing an additional 28,335 shares during the period. Nordea Investment Management AB increased its holdings in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock worth $301,448,000 after buying an additional 58,978 shares during the last quarter. Synergy Asset Management LLC increased its holdings in shares of Kimberly-Clark by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock worth $4,932,000 after buying an additional 19,130 shares during the last quarter. Hudson Bay Capital Management LP raised its position in shares of Kimberly-Clark by 5,751.6% in the 2nd quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock worth $12,146,000 after buying an additional 92,601 shares during the period. Finally, Citigroup Inc. raised its position in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock worth $49,690,000 after buying an additional 14,386 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Trading Up 0.1%

Shares of KMB opened at $96.47 on Wednesday. Kimberly-Clark Corporation has a 12 month low of $94.54 and a 12 month high of $147.12. The stock’s 50-day moving average is $103.27 and its two-hundred day moving average is $107.40. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market cap of $32.02 billion, a PE ratio of 15.89, a P/E/G ratio of 3.43 and a beta of 0.24.

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 business had revenue of $4.08 billion during the quarter, compared to analyst estimates 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 for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 5.3%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is 84.35%.

Analysts Set New Price Targets

KMB has been the subject of a number of research reports. UBS Group boosted their price target on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Barclays set a $102.00 price objective on Kimberly-Clark in a research note on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday. Finally, TD Cowen reduced their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.85.

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.