Kimberly-Clark (NASDAQ:KMB) Director Todd Maclin Buys 266 Shares

Kimberly-Clark Corporation (NASDAQ:KMB) Director Todd Maclin acquired 266 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average price of $145.77 per share, with a total value of $38,774.82. Following the completion of the purchase, the director owned 2,400 shares in the company, valued at approximately $349,848. The trade was a 12.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kimberly-Clark Stock Up 0.1%

Shares of NASDAQ:KMB traded up $0.07 during midday trading on Friday, reaching $104.33. The company had a trading volume of 5,232,568 shares, compared to its average volume of 6,926,694. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45. The stock has a market cap of $34.63 billion, a PE ratio of 17.19, a P/E/G ratio of 4.05 and a beta of 0.26. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. The business’s 50 day moving average price is $101.33 and its 200 day moving average price is $114.59.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share. Research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio is presently 83.03%.

Hedge Funds Weigh In On Kimberly-Clark

A number of large investors have recently made changes to their positions in the company. Legato Capital Management LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $461,000. Lloyd Advisory Services LLC. bought a new position in Kimberly-Clark during the 4th quarter worth $117,000. Principle Wealth Partners LLC increased its position in Kimberly-Clark by 3.3% during the 4th quarter. Principle Wealth Partners LLC now owns 44,532 shares of the company’s stock worth $4,493,000 after buying an additional 1,410 shares during the period. Keudell Morrison Wealth Management acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $290,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $42,000. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Zacks Research upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Monday. BNP Paribas Exane restated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reissued an “overweight” rating and set a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $118.58.

Kimberly-Clark Company 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.