Coston McIsaac & Partners Increases Position in Kimberly-Clark Co. (NYSE:KMB)

Coston McIsaac & Partners lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,110 shares of the company’s stock after buying an additional 1,799 shares during the period. Kimberly-Clark makes up approximately 1.5% of Coston McIsaac & Partners’ portfolio, making the stock its 25th biggest holding. Coston McIsaac & Partners’ holdings in Kimberly-Clark were worth $4,800,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KMB. Rise Advisors LLC raised its holdings in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the period. Cranbrook Wealth Management LLC raised its holdings in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark during the 4th quarter valued at $35,000. Bruce G. Allen Investments LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $37,000. Finally, Northwest Financial Advisors bought a new stake in Kimberly-Clark during the 4th quarter valued at $40,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,395 shares of company stock valued at $3,332,776. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KMB. HSBC boosted their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their price target for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, The Goldman Sachs Group upped their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $141.64.

Kimberly-Clark Trading Down 0.8 %

NYSE KMB traded down $1.15 during trading on Friday, hitting $138.20. 4,428,326 shares of the company’s stock traded hands, compared to its average volume of 2,077,578. The stock has a fifty day moving average of $135.86 and a two-hundred day moving average of $127.53. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $142.20. The firm has a market cap of $46.53 billion, a P/E ratio of 25.40, a PEG ratio of 3.11 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.53%. Kimberly-Clark’s payout ratio is 89.71%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.