Czech National Bank Has $9.76 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Czech National Bank increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,610 shares of the company’s stock after purchasing an additional 4,447 shares during the period. Czech National Bank’s holdings in Kimberly-Clark were worth $9,762,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. CX Institutional raised its position in Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares in the last quarter. Capital Investment Counsel Inc raised its position in Kimberly-Clark by 0.8% in the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after purchasing an additional 75 shares in the last quarter. Connecticut Wealth Management LLC grew its stake in Kimberly-Clark by 4.6% during the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after buying an additional 77 shares during the last quarter. Equitable Trust Co. grew its stake in Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock worth $1,253,000 after buying an additional 80 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its stake in Kimberly-Clark by 1.6% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.6 %

KMB stock traded up $0.85 during midday trading on Friday, reaching $140.89. The company’s stock had a trading volume of 1,593,036 shares, compared to its average volume of 2,117,425. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The stock has a market cap of $47.44 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The business’s 50-day simple moving average is $142.24 and its 200-day simple moving average is $137.13.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the firm earned $1.65 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.46%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction 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 sale, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, 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 directly owns 19,935 shares in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMB. TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Barclays decreased their price objective on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Two research 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, Kimberly-Clark presently 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.