Dark Forest Capital Management LP Acquires New Position in Kimberly-Clark Co. (NYSE:KMB)

Dark Forest Capital Management LP bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,770 shares of the company’s stock, valued at approximately $659,000.

A number of other hedge funds have also bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in shares of Kimberly-Clark by 6.2% during the fourth quarter. Parallel Advisors LLC now owns 6,456 shares of the company’s stock valued at $785,000 after buying an additional 378 shares during the last quarter. TD Asset Management Inc grew its stake in Kimberly-Clark by 3.4% during the 4th quarter. TD Asset Management Inc now owns 440,530 shares of the company’s stock valued at $53,529,000 after purchasing an additional 14,451 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $1,094,000. Treasurer of the State of North Carolina boosted its position in Kimberly-Clark by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 158,581 shares of the company’s stock valued at $19,269,000 after buying an additional 1,488 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its position in Kimberly-Clark by 99,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 992 shares of the company’s stock valued at $122,000 after buying an additional 991 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Barclays decreased their target price on shares of 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. BNP Paribas initiated coverage on Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price target on the stock. TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $145.67.

Insider Transactions at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on 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 transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated 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 directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $142.18 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The company has a market cap of $47.89 billion, a P/E ratio of 26.14, a PEG ratio of 3.00 and a beta of 0.39. The firm’s 50 day moving average price is $142.22 and its 200 day moving average price is $136.43.

Kimberly-Clark (NYSE:KMB) last released 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 firm had revenue of $5.03 billion during 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%. Kimberly-Clark’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS. On average, research 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 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 dividend on an annualized basis and a dividend yield of 3.43%. Kimberly-Clark’s payout ratio is 89.71%.

Kimberly-Clark 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.