Kimberly-Clark Corporation $KMB Stake Raised by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 24.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 290,634 shares of the company’s stock after acquiring an additional 57,538 shares during the period. Sei Investments Co.’s holdings in Kimberly-Clark were worth $28,038,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Piper Sandler upped their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. UBS Group upped their target price on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Bank of America lowered their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Up 1.6%

NASDAQ KMB opened at $111.44 on Tuesday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The company has a market capitalization of $36.99 billion, a P/E ratio of 17.49, a PEG ratio of 4.92 and a beta of 0.26. The company’s 50 day simple moving average is $104.68 and its 200 day simple moving average is $102.12. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last issued 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 firm had revenue of $4.16 billion during 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 firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.93 earnings per share. Equities research analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,096 shares of company stock valued at $689,687. Corporate insiders own 0.75% of the company’s stock.

About Kimberly-Clark

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.