Kimberly-Clark Corporation $KMB Shares Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 67.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,566 shares of the company’s stock after acquiring an additional 6,277 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Kimberly-Clark were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $27,000. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. boosted its position in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after acquiring an additional 140 shares during the last quarter. Finally, Entrust Financial LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.7%

Shares of NASDAQ:KMB opened at $102.29 on Friday. 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 capitalization of $33.95 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 4.55 and a beta of 0.28. The firm’s 50-day moving average is $97.79 and its two-hundred day moving average is $100.96. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,096 shares of company stock worth $689,687 over the last quarter. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMB. Barclays lowered their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Bank of America reduced their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Finally, UBS Group boosted their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $114.93.

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.