Kowal Investment Group LLC Has $563,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Kowal Investment Group LLC increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,077 shares of the company’s stock after acquiring an additional 404 shares during the period. Kowal Investment Group LLC’s holdings in Kimberly-Clark were worth $563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KMB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares during the period. Virtu Financial LLC boosted its stake in shares of Kimberly-Clark by 506.8% during the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after buying an additional 10,820 shares during the period. Focus Financial Network Inc. ADV purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at $1,094,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Kimberly-Clark in the fourth quarter worth $11,994,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth $14,751,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, TD Cowen assumed coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Price Performance

NYSE KMB opened at $140.75 on Friday. The stock has a 50-day simple moving average of $142.29 and a 200 day simple moving average of $136.10. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $149.30. The stock has a market capitalization of $47.39 billion, a PE ratio of 25.87, a P/E/G ratio of 3.04 and a beta of 0.39. 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 issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. Research analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Insider Transactions at Kimberly-Clark

In related 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 value of $250,695.20. Following the completion of the sale, 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 SEC, which can be accessed through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on 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 owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark 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 sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.