Meyer Handelman Co. Buys 6,090 Shares of Kimberly-Clark Corporation $KMB

Meyer Handelman Co. lifted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 447,415 shares of the company’s stock after acquiring an additional 6,090 shares during the quarter. Kimberly-Clark accounts for about 1.3% of Meyer Handelman Co.’s investment portfolio, making the stock its 22nd largest holding. Meyer Handelman Co.’s holdings in Kimberly-Clark were worth $43,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Wellington Management Group LLP raised its stake in Kimberly-Clark by 26,997.7% during the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after buying an additional 7,341,215 shares during the last quarter. Norges Bank purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $521,184,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Kimberly-Clark by 50.4% in the 4th 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 last quarter. State Street Corp grew its holdings in shares of Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after acquiring an additional 997,397 shares during the period. Finally, TOMS Capital Investment Management LP bought a new stake in shares of Kimberly-Clark in the fourth quarter worth $92,314,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $108.10 on Friday. The company has a market capitalization of $35.88 billion, a P/E ratio of 16.97, a P/E/G ratio of 4.79 and a beta of 0.28. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The firm’s 50 day simple moving average is $99.09 and its two-hundred day simple moving average is $100.73. 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 announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) 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 company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 earnings per share. Research analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this link. 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 $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. Over the last three months, insiders have sold 7,096 shares of company stock worth $689,687. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America lowered their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. UBS Group boosted their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Piper Sandler raised their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a 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 given a Sell rating to the company. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $115.43.

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.