Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Increased by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 61.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,668 shares of the company’s stock after acquiring an additional 14,761 shares during the period. Tidal Investments LLC’s holdings in Kimberly-Clark were worth $4,997,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KMB. Rise Advisors LLC lifted its holdings in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of Kimberly-Clark during the first quarter valued at $27,000. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the first quarter valued at $27,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $35,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,312 shares of company stock worth $6,106,519. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 2.0 %

Shares of NYSE:KMB traded up $2.70 during midday trading on Thursday, reaching $137.75. The company had a trading volume of 843,512 shares, compared to its average volume of 2,181,660. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The business’s 50 day moving average price is $138.03 and its 200 day moving average price is $130.52. The stock has a market cap of $46.39 billion, a PE ratio of 24.83, a P/E/G ratio of 2.91 and a beta of 0.37. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.62.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.21 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.54%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

Analysts Set New Price Targets

Several research firms recently weighed in on KMB. Citigroup upped their price target on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their price target for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Piper Sandler upped their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. HSBC upped their target price on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark 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.