Royal Fund Management LLC Purchases 486 Shares of Kimberly-Clark Co. (NYSE:KMB)

Royal Fund Management LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,561 shares of the company’s stock after purchasing an additional 486 shares during the quarter. Royal Fund Management LLC’s holdings in Kimberly-Clark were worth $3,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Sei Investments Co. raised its holdings in Kimberly-Clark by 7.2% during the fourth quarter. Sei Investments Co. now owns 361,390 shares of the company’s stock valued at $43,913,000 after acquiring an additional 24,419 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in Kimberly-Clark by 4.6% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 29,526 shares of the company’s stock worth $3,588,000 after purchasing an additional 1,289 shares in the last quarter. XML Financial LLC bought a new position in Kimberly-Clark in the 4th quarter worth approximately $279,000. State of Tennessee Treasury Department grew its holdings in Kimberly-Clark by 28.0% during the 4th quarter. State of Tennessee Treasury Department now owns 144,235 shares of the company’s stock valued at $17,526,000 after buying an additional 31,594 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in Kimberly-Clark by 5.1% during the 4th quarter. Jacobi Capital Management LLC now owns 10,019 shares of the company’s stock valued at $1,217,000 after buying an additional 484 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.2 %

Kimberly-Clark stock traded up $0.24 during mid-day trading on Wednesday, hitting $142.25. The company’s stock had a trading volume of 38,541 shares, compared to its average volume of 2,103,325. Kimberly-Clark Co. has a one year low of $116.63 and a one year high of $149.30. The stock has a market cap of $47.90 billion, a PE ratio of 26.10, a P/E/G ratio of 3.00 and a beta of 0.39. The company has a 50 day moving average of $142.35 and a 200-day moving average of $137.53. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB) last posted 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 for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.65 EPS. On average, research analysts anticipate 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 was paid on Wednesday, October 2nd. Investors 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 dividend on an annualized basis and a dividend yield of 3.43%. Kimberly-Clark’s payout ratio is 89.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KMB shares. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. TD Cowen began coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Finally, BNP Paribas initiated coverage on Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $146.00.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark 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 completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kimberly-Clark news, 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 transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

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.