Adalta Capital Management LLC Acquires 5,000 Shares of Kimberly-Clark Corporation $KMB

Adalta Capital Management LLC raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 497.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,005 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Adalta Capital Management LLC’s holdings in Kimberly-Clark were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KMB. Norges Bank bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $521,184,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after acquiring an additional 2,628,206 shares in the last quarter. State Street Corp raised its holdings in shares of Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after acquiring an additional 997,397 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Kimberly-Clark by 331.6% in the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock valued at $137,724,000 after acquiring an additional 851,024 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Kimberly-Clark by 582.1% in the fourth quarter. Renaissance Technologies LLC now owns 851,200 shares of the company’s stock valued at $85,878,000 after acquiring an additional 726,400 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Kimberly-Clark stock in a transaction dated 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. Insiders sold 7,096 shares of company stock worth $689,687 in the last quarter. 0.75% of the stock is owned by insiders.

Kimberly-Clark Price Performance

KMB opened at $104.28 on Wednesday. The business’s 50-day moving average is $98.09 and its two-hundred day moving average is $100.88. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. 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 $34.61 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 4.63 and a beta of 0.28.

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

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Bank of America decreased their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, UBS Group lifted their price objective on 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.93.

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.