International Assets Investment Management LLC Boosts Stake in Kimberly-Clark Corporation $KMB

International Assets Investment Management LLC increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 63.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,844 shares of the company’s stock after acquiring an additional 10,050 shares during the period. International Assets Investment Management LLC’s holdings in Kimberly-Clark were worth $2,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMB. Vanguard Group Inc. grew its stake in shares of Kimberly-Clark by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the period. State Street Corp lifted its stake in shares of Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after purchasing an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after buying an additional 299,382 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after buying an additional 65,619 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were 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 in the company, valued at $797,233.08. The trade was 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. Over the last 90 days, insiders sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by insiders.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded up $2.48 during mid-day trading on Friday, hitting $112.41. 3,342,307 shares of the company were exchanged, compared to its average volume of 4,534,243. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The company has a market capitalization of $37.31 billion, a P/E ratio of 17.65, a PEG ratio of 5.04 and a beta of 0.26. The business’s 50 day simple moving average is $102.23 and its two-hundred day simple moving average is $101.47. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 earnings per share. Analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on KMB shares. Barclays dropped their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. UBS Group upped their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Piper Sandler lifted their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $116.14.

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.