Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Garner Asset Management Corp

Garner Asset Management Corp boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,582 shares of the company’s stock after purchasing an additional 383 shares during the quarter. Garner Asset Management Corp’s holdings in Kimberly-Clark were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC increased its stake in shares of Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Crewe Advisors LLC acquired a new position in Kimberly-Clark during the first quarter worth approximately $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the second quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $32,000. Finally, Fortitude Family Office LLC grew its stake in shares of Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after buying an additional 250 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMB. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. 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 report on Thursday, July 11th. Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. BNP Paribas started coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Down 0.4 %

Shares of Kimberly-Clark stock opened at $141.10 on Thursday. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30. The company has a market capitalization of $47.51 billion, a P/E ratio of 25.94, a PEG ratio of 3.04 and a beta of 0.39. The business’s fifty day moving average price is $142.33 and its two-hundred day moving average price is $135.86. 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 released its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating 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 firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the company earned $1.65 EPS. Kimberly-Clark’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.46%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Buying and Selling

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’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 completion of the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The stock was 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 of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a document filed 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 dated 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 sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

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.