Kowal Investment Group LLC Has $563,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Kowal Investment Group LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 11.0% during the 2nd quarter, Holdings Channel reports. The firm owned 4,077 shares of the company’s stock after purchasing an additional 404 shares during the quarter. Kowal Investment Group LLC’s holdings in Kimberly-Clark were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares in the last quarter. Capital World Investors grew its position in Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after acquiring an additional 342,790 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares in the last quarter. Nordea Investment Management AB raised its position in Kimberly-Clark by 2.9% in the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock valued at $222,093,000 after purchasing an additional 48,103 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Kimberly-Clark by 9.8% in the first quarter. ProShare Advisors LLC now owns 1,487,835 shares of the company’s stock worth $192,451,000 after purchasing an additional 132,576 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

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

Kimberly-Clark Price Performance

Shares of KMB opened at $140.75 on Friday. The stock has a market cap of $47.39 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $149.30. The stock’s 50-day moving average price is $142.29 and its two-hundred day moving average price is $136.10. 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 (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm earned $1.65 EPS. Kimberly-Clark’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current 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 given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KMB shares. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Finally, Piper Sandler lifted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.