Thoroughbred Financial Services LLC Buys 3,169 Shares of Kimberly-Clark Co. (NYSE:KMB)

Thoroughbred Financial Services LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 94.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,516 shares of the company’s stock after acquiring an additional 3,169 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Kimberly-Clark were worth $900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in Kimberly-Clark in the 4th quarter worth $437,420,000. Price T Rowe Associates Inc. MD raised its stake in Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after acquiring an additional 944,920 shares during the last quarter. Capital World Investors raised its stake in Kimberly-Clark by 23.8% in the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares during the last quarter. KBC Group NV raised its stake in Kimberly-Clark by 277.9% in the 4th quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after acquiring an additional 347,778 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Kimberly-Clark by 32.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after acquiring an additional 330,327 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.8 %

KMB stock opened at $143.52 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $149.30. The stock has a market cap of $48.34 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.04 and a beta of 0.39. The business’s 50-day moving average is $142.18 and its 200 day moving average is $135.53.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm posted $1.65 EPS. Kimberly-Clark’s revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

Insider Buying and Selling

In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated 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 sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were 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 of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research analyst reports. Piper Sandler raised their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Company 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.