Sumitomo Mitsui Trust Group Inc. Has $76.20 Million Stake in Kimberly-Clark Corporation $KMB

Sumitomo Mitsui Trust Group Inc. lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 789,853 shares of the company’s stock after selling 22,796 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Kimberly-Clark were worth $76,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Godfrey Financial Associates Inc. acquired a new stake in Kimberly-Clark in the fourth quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $27,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $27,000. Eagle Bay Advisors LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares during the period. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft cut 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. Wells Fargo & Company boosted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday. Barclays lowered their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.14.

Kimberly-Clark Stock Up 2.3%

Shares of NASDAQ:KMB traded up $2.48 during midday trading on Friday, hitting $112.41. 3,342,307 shares of the company’s stock were exchanged, compared to its average volume of 4,534,243. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The stock has a 50 day moving average price of $102.23 and a 200-day moving average price of $101.47. The company has a market cap of $37.31 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 5.04 and a beta of 0.26. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results 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 business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the firm earned $1.93 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Insider Buying and Selling

In other news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $152,162.64. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,096 shares of company stock worth $689,687 in the last 90 days. Corporate 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.