Miramar Capital LLC Buys 900 Shares of Kimberly-Clark Co. (NYSE:KMB)

Miramar Capital LLC boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 46.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,850 shares of the company’s stock after purchasing an additional 900 shares during the period. Miramar Capital LLC’s holdings in Kimberly-Clark were worth $394,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KMB. CX Institutional boosted its holdings in shares of Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after buying an additional 71 shares during the last quarter. Capital Investment Counsel Inc lifted its stake in Kimberly-Clark by 0.8% in the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after acquiring an additional 75 shares during the last quarter. Connecticut Wealth Management LLC grew its position in shares of Kimberly-Clark by 4.6% in the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after acquiring an additional 77 shares during the period. Equitable Trust Co. increased its stake in shares of Kimberly-Clark by 0.9% during the 2nd quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock worth $1,253,000 after purchasing an additional 80 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. raised its holdings in shares of Kimberly-Clark by 1.6% in the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock valued at $659,000 after purchasing an additional 81 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Kimberly-Clark news, 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 sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

NYSE:KMB opened at $141.10 on Thursday. 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 firm has a market cap of $47.51 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The firm’s 50-day simple moving average is $142.33 and its 200 day simple moving average is $135.86.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion for 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 business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.65 earnings per share. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders 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 yield of 3.46%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KMB shares. Wells Fargo & Company reduced their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Piper Sandler boosted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, July 24th. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. 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 company’s stock. According to MarketBeat.com, the stock has a consensus 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.