Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 31.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,887 shares of the company’s stock after acquiring an additional 698 shares during the period. Insigneo Advisory Services LLC’s holdings in Kimberly-Clark were worth $397,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Kimberly-Clark by 18.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after buying an additional 69,794 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Kimberly-Clark by 506.8% in the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after acquiring an additional 10,820 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth about $1,094,000. Manning & Napier Advisors LLC purchased a new stake in Kimberly-Clark during the second quarter worth approximately $14,751,000. Finally, Swedbank AB boosted its holdings in Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after purchasing an additional 6,392 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB opened at $142.18 on Friday. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $149.30. The stock has a market capitalization of $47.89 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.00 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 $142.22 and its two-hundred day moving average is $136.43.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results 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. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMB. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. BNP Paribas started coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target for the company. JPMorgan Chase & Co. raised 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. Barclays reduced their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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 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 completion of the transaction, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the business’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 owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the 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 completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

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.