Cowa LLC Takes Position in Kimberly-Clark Corporation $KMB

Cowa LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,164 shares of the company’s stock, valued at approximately $925,000.

Other large investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Eagle Bay Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares during the period. Finally, Entrust Financial LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $32,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMB has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Piper Sandler cut their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Barclays dropped their price target 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. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Wells Fargo & Company dropped their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $114.93.

Kimberly-Clark Stock Down 0.0%

Shares of NASDAQ:KMB opened at $101.54 on Friday. The stock’s 50-day moving average price is $97.69 and its two-hundred day moving average price is $100.95. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 4.56 and a beta of 0.28.

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 return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $1.93 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts forecast 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. Stockholders of record on Friday, June 5th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 5.0%. Kimberly-Clark’s payout ratio is presently 80.38%.

Insider Activity

In other news, insider Katy Chen sold 1,596 shares of the business’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 completion of the sale, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,096 shares of company stock valued at $689,687 in the last three months. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Company 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.