Norden Group LLC Has $877,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Norden Group LLC increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 63.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,348 shares of the company’s stock after acquiring an additional 2,462 shares during the quarter. Norden Group LLC’s holdings in Kimberly-Clark were worth $877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its position in shares of 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 buying an additional 176 shares during the period. Crewe Advisors LLC purchased a new stake in Kimberly-Clark in the 1st quarter worth about $27,000. New Millennium Group LLC purchased a new stake in Kimberly-Clark in the 2nd quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in Kimberly-Clark during the 4th quarter worth about $40,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

Shares of NYSE:KMB opened at $146.91 on Friday. The company has a market capitalization of $49.47 billion, a PE ratio of 27.01, a P/E/G ratio of 3.07 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The company’s fifty day moving average is $141.51 and its 200-day moving average is $134.61. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.32%. Kimberly-Clark’s payout ratio is 89.71%.

Insider Transactions at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KMB. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Barclays lowered their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.67.

About Kimberly-Clark

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.