Kimberly-Clark Corporation $KMB Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 33.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,563 shares of the company’s stock after acquiring an additional 8,356 shares during the period. Royal Fund Management LLC’s holdings in Kimberly-Clark were worth $3,389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Brighton Jones LLC grew its position in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth $126,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Kimberly-Clark by 3.3% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 18,465 shares of the company’s stock valued at $2,381,000 after purchasing an additional 590 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kimberly-Clark by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,334 shares of the company’s stock valued at $6,489,000 after purchasing an additional 1,328 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in Kimberly-Clark by 82.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 100,492 shares of the company’s stock valued at $12,955,000 after purchasing an additional 45,388 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KMB shares. TD Cowen dropped their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. UBS Group raised their target price on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Piper Sandler dropped their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Citigroup cut their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Finally, Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.85.

Kimberly-Clark Trading Down 2.3%

KMB opened at $96.35 on Tuesday. Kimberly-Clark Corporation has a 12-month low of $96.13 and a 12-month high of $147.12. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market capitalization of $31.98 billion, a PE ratio of 15.87, a P/E/G ratio of 3.51 and a beta of 0.24. The firm’s fifty day moving average price is $103.37 and its 200 day moving average price is $107.62.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. As a group, research analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 5.3%. Kimberly-Clark’s dividend payout ratio is 84.35%.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.64% of the company’s stock.

About Kimberly-Clark

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.