Elo Mutual Pension Insurance Co Purchases 1,473 Shares of Kimberly-Clark Co. (NYSE:KMB)

Elo Mutual Pension Insurance Co increased its position in Kimberly-Clark Co. (NYSE:KMB) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,388 shares of the company’s stock after purchasing an additional 1,473 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Kimberly-Clark were worth $4,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blair William & Co. IL grew its position in shares of Kimberly-Clark by 43.8% in the 2nd quarter. Blair William & Co. IL now owns 185,646 shares of the company’s stock worth $25,656,000 after buying an additional 56,519 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Kimberly-Clark by 31.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,820 shares of the company’s stock worth $5,027,000 after acquiring an additional 8,914 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Kimberly-Clark in the second quarter worth about $731,000. Excalibur Management Corp grew its holdings in Kimberly-Clark by 5.0% in the second quarter. Excalibur Management Corp now owns 6,588 shares of the company’s stock worth $910,000 after purchasing an additional 312 shares during the period. Finally, Wulff Hansen & CO. increased its stake in shares of Kimberly-Clark by 13,720.0% during the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after purchasing an additional 636,882 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.4 %

Shares of KMB stock opened at $141.10 on Thursday. 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 capitalization of $47.51 billion, a P/E ratio of 25.94, a P/E/G ratio of 3.04 and a beta of 0.39. The firm’s 50 day moving average is $142.33 and its 200 day moving average is $135.86.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $1.65 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.46%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity

In related 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 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 accessible through this link. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’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 sale, the insider now 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 accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated 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 in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMB. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. BNP Paribas started coverage on Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price on the stock. Barclays reduced their price target 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. Piper Sandler upped 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. Finally, Wells Fargo & Company reduced their price objective on shares of 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. 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $145.67.

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.