Kimberly-Clark Corporation $KMB is Compass Rose Asset Management LP’s 9th Largest Position

Compass Rose Asset Management LP lessened its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 78.8% in the first quarter, Holdings Channel.com reports. The firm owned 105,000 shares of the company’s stock after selling 391,000 shares during the period. Kimberly-Clark comprises 0.8% of Compass Rose Asset Management LP’s portfolio, making the stock its 9th largest holding. Compass Rose Asset Management LP’s holdings in Kimberly-Clark were worth $10,129,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KMB. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth $27,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $27,000. Eagle Bay Advisors LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $28,000. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,096 shares of company stock worth $689,687 in the last 90 days. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on KMB. Piper Sandler upped their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Bank of America lowered their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Barclays raised their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $107.31 on Friday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. The company has a market cap of $35.62 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 4.85 and a beta of 0.26. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The firm has a fifty day moving average of $104.11 and a 200-day moving average of $101.94.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data 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 business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 EPS. As a group, equities analysts anticipate that Kimberly-Clark Corporation will post 7.47 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $1.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.8%. Kimberly-Clark’s dividend payout ratio is 80.38%.

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.