Kimberly-Clark Corporation $KMB Shares Bought by Strong Tower Advisory Services

Strong Tower Advisory Services raised its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 37.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,521 shares of the company’s stock after purchasing an additional 9,165 shares during the quarter. Strong Tower Advisory Services’ holdings in Kimberly-Clark were worth $3,234,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in 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 period. The Manufacturers Life Insurance Company raised its stake in shares of Kimberly-Clark by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after acquiring an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after acquiring an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC lifted its holdings in shares of Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after acquiring an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its position in Kimberly-Clark by 20.5% during the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after purchasing an additional 1,811 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $102.56 on Monday. The company’s fifty day moving average is $98.48 and its two-hundred day moving average is $100.75. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The stock has a market capitalization of $34.04 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28.

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

Kimberly-Clark Dividend Announcement

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 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent research reports. Piper Sandler increased their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Bank of America dropped their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.43.

Insider Activity at Kimberly-Clark

In related 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 approximately $797,233.08. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 business’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. The SEC filing for this sale provides additional information. Insiders have sold 7,096 shares of company stock valued at $689,687 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

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.