MAI Capital Management Acquires 4,922 Shares of Kimberly-Clark Corporation $KMB

MAI Capital Management increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,146 shares of the company’s stock after purchasing an additional 4,922 shares during the period. MAI Capital Management’s holdings in Kimberly-Clark were worth $9,344,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in KMB. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after buying an additional 5,200,011 shares in the last quarter. Norges Bank bought a new stake in Kimberly-Clark in the second quarter valued at $556,114,000. Federated Hermes Inc. grew its position in Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after acquiring an additional 1,231,501 shares during the period. Balyasny Asset Management L.P. raised its stake in Kimberly-Clark by 32,568.4% during the second quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after acquiring an additional 975,424 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its stake in shares of Kimberly-Clark by 88.9% in the 3rd quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock valued at $251,274,000 after purchasing an additional 963,978 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

KMB opened at $109.21 on Thursday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market capitalization of $36.25 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 3.99 and a beta of 0.26. The company’s 50 day simple moving average is $102.50 and its 200-day simple moving average is $112.50. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $1.28 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 83.03%.

Analysts Set New Price Targets

KMB has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $110.00 target price on shares of Kimberly-Clark in a research report on Tuesday, February 17th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. Citigroup reduced their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Finally, Zacks Research upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $119.00.

Kimberly-Clark 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.