Fairscale Capital LLC Buys Shares of 811 Kimberly-Clark Co. (NYSE:KMB)

Fairscale Capital LLC purchased a new position in Kimberly-Clark Co. (NYSE:KMB) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 811 shares of the company’s stock, valued at approximately $116,000.

Several other large investors also recently made changes to their positions in KMB. Rise Advisors LLC boosted its position in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the period. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $27,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at $32,000. Finally, Fortitude Family Office LLC raised its holdings in Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.5 %

NYSE KMB opened at $140.75 on Friday. 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 $47.39 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 3.04 and a beta of 0.39. The stock’s 50 day moving average is $142.29 and its two-hundred day moving average is $136.10. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm 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 business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 earnings per share. Equities analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMB shares. JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, July 24th. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, TD Cowen assumed coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. 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. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $145.67.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark 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 in the company, valued at $1,038,976.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 completion of 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 SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark 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 transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

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.