Metis Global Partners LLC Grows Position in Kimberly-Clark Co. (NYSE:KMB)

Metis Global Partners LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMBFree Report) by 27.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,448 shares of the company’s stock after buying an additional 3,510 shares during the quarter. Metis Global Partners LLC’s holdings in Kimberly-Clark were worth $1,988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KMB. Fairfield Bush & CO. bought a new stake in Kimberly-Clark in the first quarter worth $96,000. Sei Investments Co. increased its position in Kimberly-Clark by 22.2% in the first quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock worth $23,483,000 after purchasing an additional 34,646 shares during the last quarter. Baird Financial Group Inc. increased its position in Kimberly-Clark by 2.8% during the first quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock valued at $36,066,000 after acquiring an additional 7,878 shares during the last quarter. Merit Financial Group LLC increased its position in Kimberly-Clark by 23.9% during the first quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock valued at $505,000 after acquiring an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Kimberly-Clark by 28.7% during the first quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after acquiring an additional 4,503 shares during the last quarter. Hedge funds and other institutional investors own 74.38% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the transaction, the insider now owns 17,229 shares in the company, valued at $2,084,709. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Jeffrey P. Melucci sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $121.71, for a total value of $365,130.00. Following the transaction, the insider now owns 25,169 shares in the company, valued at approximately $3,063,318.99. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Kimberly-Clark Stock Up 0.4 %

NYSE:KMB opened at $121.70 on Wednesday. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87. The company has a 50-day moving average of $121.89 and a 200 day moving average of $123.91. The firm has a market cap of $41.13 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 3.81 and a beta of 0.39. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. As a group, research analysts anticipate that Kimberly-Clark Co. will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 4.01%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date is Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 90.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of Kimberly-Clark from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $125.00 to $118.00 in a research report on Thursday, October 12th. Bank of America cut shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $135.00 to $115.00 in a research report on Friday, December 15th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research report on Friday, November 17th. They set an “overweight” rating and a $146.00 price objective on the stock. Royal Bank of Canada cut their price objective on shares of Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 25th. Finally, Citigroup cut their price target on shares of Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating on the stock in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $130.14.

Read Our Latest Stock Analysis on Kimberly-Clark

Kimberly-Clark Company Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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