Hsbc Holdings PLC Raises Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Hsbc Holdings PLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,207,253 shares of the company’s stock after acquiring an additional 23,788 shares during the period. Hsbc Holdings PLC owned 0.36% of Kimberly-Clark worth $166,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rise Advisors LLC lifted its stake in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Crewe Advisors LLC bought a new stake in Kimberly-Clark in the first quarter worth $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the second quarter worth $28,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the second quarter worth $32,000. Finally, Fortitude Family Office LLC increased its position in Kimberly-Clark by 333.3% during the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on KMB. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. BNP Paribas began coverage on Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $145.67.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’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 transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s 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 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 owned by company insiders.

Kimberly-Clark Price Performance

Shares of KMB opened at $141.10 on Thursday. The company has a 50 day moving average of $142.33 and a two-hundred day moving average of $135.86. The company has a market cap of $47.51 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. 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 twelve month low of $116.32 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results 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 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 in the previous year, the business earned $1.65 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is currently 89.71%.

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.