AXQ Capital LP Buys Shares of 12,614 Kimberly-Clark Corporation $KMB

AXQ Capital LP bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,614 shares of the company’s stock, valued at approximately $1,273,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas raised its position in shares of Kimberly-Clark by 3,228.0% during the 4th quarter. BNP Paribas now owns 23,795 shares of the company’s stock valued at $2,401,000 after acquiring an additional 23,080 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock worth $1,523,000 after purchasing an additional 100 shares in the last quarter. Easterly Investment Partners LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth $6,035,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Kimberly-Clark by 2.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 448,232 shares of the company’s stock worth $45,222,000 after purchasing an additional 9,691 shares in the last quarter. Finally, Rockline Wealth Management LLC grew its stake in shares of Kimberly-Clark by 2.6% in the fourth quarter. Rockline Wealth Management LLC now owns 18,533 shares of the company’s stock worth $1,870,000 after purchasing an additional 464 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.4%

KMB opened at $97.95 on Tuesday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $143.60. The business has a 50-day moving average of $97.68 and a 200-day moving average of $101.26. 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 company has a market capitalization of $32.51 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 4.38 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 EPS. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Barclays decreased their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. UBS Group raised their target price on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Piper Sandler decreased 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 report on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Four equities research 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $114.93.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is currently owned by insiders.

Kimberly-Clark 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.