10,205 Shares in Kimberly-Clark Corporation $KMB Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 4th quarter, Holdings Channel.com reports. The firm acquired 10,205 shares of the company’s stock, valued at approximately $1,030,000.

Several other large investors have also recently added to or reduced their stakes in KMB. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark during the fourth quarter worth $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the second quarter worth $27,000. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. lifted its stake in 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 last quarter. Finally, Entrust Financial LLC bought a new position in Kimberly-Clark during the fourth quarter worth $32,000. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company cut their target price 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. Barclays cut their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Bank of America cut their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Piper Sandler cut their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.93.

Insiders Place Their Bets

In other news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was 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 have sold 7,096 shares of company stock worth $689,687 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $102.29 on Monday. The firm has a market capitalization of $33.95 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 4.59 and a beta of 0.28. 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 one year low of $92.42 and a one year high of $137.46. The stock’s fifty day moving average is $97.79 and its 200-day moving average is $100.93.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating 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 return on equity of 152.79% and a net margin of 12.80%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

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.