Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 129.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,238 shares of the company’s stock after purchasing an additional 40,236 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Kimberly-Clark were worth $9,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. New Millennium Group LLC bought a new position in Kimberly-Clark during the 2nd quarter valued at $28,000. Crewe Advisors LLC bought a new position in Kimberly-Clark during the 1st quarter valued at $27,000. Fortitude Family Office LLC boosted its stake in Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after purchasing an additional 250 shares in the last quarter. Finally, Northwest Financial Advisors bought a new position in Kimberly-Clark during the 4th quarter valued at $40,000. 76.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMB. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Piper Sandler raised their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Barclays reduced their price objective on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Stock Up 1.0 %

KMB traded up $1.44 during trading on Friday, reaching $144.66. 2,421,722 shares of the stock traded hands, compared to its average volume of 1,754,962. The stock has a market cap of $48.72 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.07 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.68. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The stock’s 50-day simple moving average is $140.70 and its two-hundred day simple moving average is $133.62.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data 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. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.37%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

About Kimberly-Clark

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.