Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Independence Bank of Kentucky

Independence Bank of Kentucky lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 20.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,173 shares of the company’s stock after purchasing an additional 200 shares during the period. Independence Bank of Kentucky’s holdings in Kimberly-Clark were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in Kimberly-Clark during the fourth quarter valued at $399,000. Alaska Permanent Fund Corp lifted its holdings in Kimberly-Clark by 2.8% during the fourth quarter. Alaska Permanent Fund Corp now owns 16,356 shares of the company’s stock valued at $1,987,000 after purchasing an additional 446 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Kimberly-Clark by 4.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 45,801 shares of the company’s stock valued at $5,603,000 after purchasing an additional 1,797 shares in the last quarter. Bailard Inc. lifted its holdings in Kimberly-Clark by 6.4% during the fourth quarter. Bailard Inc. now owns 7,355 shares of the company’s stock valued at $894,000 after purchasing an additional 441 shares in the last quarter. Finally, Syon Capital LLC lifted its holdings in Kimberly-Clark by 22.0% during the fourth quarter. Syon Capital LLC now owns 4,669 shares of the company’s stock valued at $567,000 after purchasing an additional 841 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of KMB opened at $143.61 on Monday. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.68. The stock has a market cap of $48.35 billion, a PE ratio of 26.40, a P/E/G ratio of 2.95 and a beta of 0.37. The firm has a 50-day simple moving average of $140.38 and a two-hundred day simple moving average of $132.86. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share 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 business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the business earned $1.65 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts forecast that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark 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 sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other 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 completion of the transaction, 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 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 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 approximately $1,038,976.68. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on KMB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Barclays decreased their price target on shares of 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. BNP Paribas began coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two equities 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.