Lombard Odier Asset Management Switzerland SA Acquires 57,900 Shares of Kimberly-Clark Corporation $KMB

Lombard Odier Asset Management Switzerland SA lifted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 170.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,807 shares of the company’s stock after purchasing an additional 57,900 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Kimberly-Clark were worth $8,857,000 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 the business. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth about $27,000. CrossGen Wealth LLC bought a new position in Kimberly-Clark during the 4th quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark during the 4th quarter valued at about $28,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings 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 valued at $29,000 after acquiring an additional 140 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $109.70 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The firm has a market capitalization of $36.41 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 4.92 and a beta of 0.26. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The firm has a 50 day moving average of $104.38 and a 200 day moving average of $101.99.

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

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a dividend of $1.28 per share. 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%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. UBS Group boosted their target price on shares of Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays increased their price target on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.93.

Insider Activity

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,096 shares of company stock valued at $689,687 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

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.