Seven Eight Capital LP Purchases 9,304 Shares of Kimberly-Clark Co. (NYSE:KMB)

Seven Eight Capital LP lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 283.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,585 shares of the company’s stock after purchasing an additional 9,304 shares during the quarter. Seven Eight Capital LP’s holdings in Kimberly-Clark were worth $1,739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its stake in Kimberly-Clark by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,207,253 shares of the company’s stock valued at $166,971,000 after buying an additional 23,788 shares during the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Kimberly-Clark by 5.3% during the second quarter. Elo Mutual Pension Insurance Co now owns 29,388 shares of the company’s stock valued at $4,061,000 after acquiring an additional 1,473 shares in the last quarter. Blair William & Co. IL raised 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 valued at $25,656,000 after purchasing an additional 56,519 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Kimberly-Clark by 31.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,820 shares of the company’s stock worth $5,027,000 after purchasing an additional 8,914 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $731,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was 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 of the company’s stock, valued at $2,819,207.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the 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 completion of the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was 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 $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. TD Cowen initiated coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Barclays cut 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 report on Friday, July 19th. Finally, Piper Sandler upped their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Stock Down 0.4 %

Kimberly-Clark stock opened at $141.10 on Thursday. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a market capitalization of $47.51 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. The business has a 50 day simple moving average of $142.33 and a 200-day simple moving average of $135.86. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly 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 during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. On average, analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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