XTX Topco Ltd Increases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

XTX Topco Ltd raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 305.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,822 shares of the company’s stock after buying an additional 8,903 shares during the quarter. XTX Topco Ltd’s holdings in Kimberly-Clark were worth $1,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. CreativeOne Wealth LLC raised its holdings in shares of Kimberly-Clark by 103.5% in the fourth quarter. CreativeOne Wealth LLC now owns 5,836 shares of the company’s stock worth $709,000 after buying an additional 2,968 shares during the last quarter. Assetmark Inc. raised its stake in Kimberly-Clark by 17.0% in the 4th quarter. Assetmark Inc. now owns 11,297 shares of the company’s stock worth $1,373,000 after acquiring an additional 1,640 shares during the last quarter. AXS Investments LLC lifted its position in Kimberly-Clark by 4.4% during the 4th quarter. AXS Investments LLC now owns 10,097 shares of the company’s stock worth $1,227,000 after acquiring an additional 425 shares during the period. Avantax Planning Partners Inc. lifted its position in Kimberly-Clark by 17.0% during the 4th quarter. Avantax Planning Partners Inc. now owns 2,831 shares of the company’s stock worth $344,000 after acquiring an additional 412 shares during the period. Finally, Team Hewins LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $453,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.67.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

NYSE:KMB opened at $140.10 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The stock’s 50-day moving average price is $142.31 and its 200-day moving average price is $135.89. The stock has a market capitalization of $47.17 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data 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 return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.48%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 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.