MUFG Securities EMEA plc Boosts Stake in Kimberly-Clark Corporation $KMB

MUFG Securities EMEA plc increased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 114.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,617 shares of the company’s stock after buying an additional 7,267 shares during the period. MUFG Securities EMEA plc’s holdings in Kimberly-Clark were worth $1,374,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KMB. Brighton Jones LLC lifted its position in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Kimberly-Clark by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock worth $46,923,000 after buying an additional 24,698 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after buying an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC increased its stake in Kimberly-Clark by 11.0% during the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after acquiring an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC increased its stake in Kimberly-Clark by 20.5% during the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after acquiring an additional 1,811 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.5%

KMB opened at $97.49 on Wednesday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $141.02. The stock has a market cap of $32.36 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 4.39 and a beta of 0.28. The stock’s 50 day moving average price is $97.68 and its 200-day moving average price is $101.26. 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 (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the firm earned $1.93 earnings per share. Kimberly-Clark’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.3%. Kimberly-Clark’s dividend payout ratio is 80.38%.

Analyst Ratings Changes

Several brokerages have weighed in on KMB. Deutsche Bank Aktiengesellschaft reduced their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Piper Sandler reduced their price objective 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. Bank of America reduced their price objective 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. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $114.93.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 4,095 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Katy Chen sold 1,596 shares of the 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 transaction, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by insiders.

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.