10,379 Shares in Kimberly-Clark Corporation $KMB Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,379 shares of the company’s stock, valued at approximately $1,047,000.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Kimberly-Clark by 15.9% during the 4th quarter. LPL Financial LLC now owns 969,728 shares of the company’s stock worth $97,836,000 after acquiring an additional 133,107 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in shares of Kimberly-Clark by 122.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 922,106 shares of the company’s stock worth $93,022,000 after acquiring an additional 507,339 shares in the last quarter. Holowesko Partners Ltd. lifted its stake in Kimberly-Clark by 11.0% during the fourth quarter. Holowesko Partners Ltd. now owns 288,400 shares of the company’s stock worth $29,097,000 after purchasing an additional 28,500 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Kimberly-Clark during the fourth quarter worth approximately $109,000. Finally, ING Groep NV lifted its stake in Kimberly-Clark by 12.3% during the fourth quarter. ING Groep NV now owns 9,107 shares of the company’s stock worth $919,000 after purchasing an additional 997 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMB. UBS Group boosted their target price on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Piper Sandler decreased their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Stock Up 2.8%

Kimberly-Clark stock opened at $100.52 on Wednesday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The company has a market capitalization of $33.37 billion, a P/E ratio of 15.78, a PEG ratio of 4.38 and a beta of 0.28. The stock has a 50-day simple moving average of $97.49 and a 200-day simple moving average of $100.99.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 EPS. Equities research analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 7,096 shares of company stock valued at $689,687. Company insiders own 0.75% of the company’s stock.

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.