Entropy Technologies LP Has $4.37 Million Stock Position in Kimberly-Clark Corporation $KMB

Entropy Technologies LP lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 55.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,256 shares of the company’s stock after selling 56,113 shares during the quarter. Entropy Technologies LP’s holdings in Kimberly-Clark were worth $4,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Kimberly-Clark by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the period. State Street Corp raised its stake in shares of Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after purchasing an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock valued at $1,202,322,000 after purchasing an additional 299,382 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kimberly-Clark by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after purchasing an additional 65,619 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays increased their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group upped their price target on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Finally, Piper Sandler boosted their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $109.70 on Friday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The firm has a market cap of $36.41 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 4.92 and a beta of 0.26. The stock’s fifty day moving average price is $104.38 and its two-hundred day moving average price is $101.99. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.93 earnings per share. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s payout ratio is 80.38%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. The trade was a 16.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Insiders sold a total of 7,096 shares of company stock valued at $689,687 in the last three months. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.