Kimberly-Clark Corporation $KMB Stock Holdings Lifted by Anchor Investment Management LLC

Anchor Investment Management LLC boosted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 35.8% during the first quarter, HoldingsChannel.com reports. The fund owned 19,062 shares of the company’s stock after acquiring an additional 5,026 shares during the period. Anchor Investment Management LLC’s holdings in Kimberly-Clark were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KMB. Brighton Jones LLC boosted its stake in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the period. The Manufacturers Life Insurance Company grew its position in Kimberly-Clark by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after purchasing an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after purchasing an additional 87,455 shares during the period. Main Street Financial Solutions LLC raised its holdings in shares of Kimberly-Clark by 11.0% during the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after buying an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC raised its holdings in shares of Kimberly-Clark by 20.5% during the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after buying an additional 1,811 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on KMB shares. Piper Sandler increased their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Barclays cut their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group boosted their target price on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $116.14.

Kimberly-Clark Stock Performance

KMB stock opened at $112.41 on Monday. The firm has a 50 day simple moving average of $102.23 and a 200 day simple moving average of $101.48. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The stock has a market cap of $37.31 billion, a P/E ratio of 17.65, a P/E/G ratio of 5.04 and a beta of 0.26. 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 (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share 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 firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business earned $1.93 EPS. The company’s revenue for the quarter 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. Kimberly-Clark’s payout ratio is 80.38%.

Insider Activity

In other news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The stock was 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 Securities & Exchange Commission, which is available through this link. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 7,096 shares of company stock worth $689,687. 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.