Sienna Gestion Has $7.19 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Sienna Gestion lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1,657.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,081 shares of the company’s stock after buying an additional 49,117 shares during the quarter. Sienna Gestion’s holdings in Kimberly-Clark were worth $7,194,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC increased its stake in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. Crewe Advisors LLC purchased a new position in Kimberly-Clark during the 1st quarter worth $27,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $32,000. Finally, Fortitude Family Office LLC lifted its position in shares of 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 purchasing an additional 250 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. BNP Paribas initiated coverage on Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective on the stock. Barclays decreased their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $145.67.

Insider Transactions at Kimberly-Clark

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 transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’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 value of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $141.42, for a total transaction 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. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 0.4 %

NYSE:KMB 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 stock’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. The company has a market cap 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.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data 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. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 EPS. As a group, analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend 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 (DPR) is currently 89.71%.

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.