Norden Group LLC Makes New $8.55 Million Investment in Kimberly-Clark Co. (NYSE:KMB)

Norden Group LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 66,096 shares of the company’s stock, valued at approximately $8,549,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC increased its stake in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the period. Cranbrook Wealth Management LLC increased its stake in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at $35,000. Bruce G. Allen Investments LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at $37,000. Finally, Northwest Financial Advisors purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price target for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Tuesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.64.

Insider Buying and Selling

In related news, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Insiders sold 24,395 shares of company stock valued at $3,332,776 over the last quarter. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $137.52 on Friday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The company has a market cap of $46.30 billion, a PE ratio of 25.28, a P/E/G ratio of 3.10 and a beta of 0.37. The business has a 50-day simple moving average of $136.07 and a two-hundred day simple moving average of $127.88. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $142.20.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.67 earnings per share. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. 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.