Quantinno Capital Management LP Buys 19,506 Shares of Kimberly-Clark Corporation $KMB

Quantinno Capital Management LP grew its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 20.1% during the first quarter, Holdings Channel reports. The institutional investor owned 116,546 shares of the company’s stock after buying an additional 19,506 shares during the period. Quantinno Capital Management LP’s holdings in Kimberly-Clark were worth $11,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Ally Financial Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $1,009,000. Westpac Banking Corp raised its position in shares of Kimberly-Clark by 25.0% during the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after purchasing an additional 10,811 shares during the period. Oddo BHF Asset Management Sas lifted its stake in shares of Kimberly-Clark by 29.6% during the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after buying an additional 14,115 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after buying an additional 2,628,206 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Kimberly-Clark in the 4th quarter worth $1,047,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on KMB. Wells Fargo & Company raised their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group increased their target price on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Bank of America lowered their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Barclays upped their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Piper Sandler increased their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Trading Down 1.6%

Shares of KMB stock opened at $107.56 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The stock has a market capitalization of $35.70 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 4.90 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The stock’s 50-day moving average price is $105.93 and its 200-day moving average price is $102.55.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.8%. Kimberly-Clark’s payout ratio is presently 80.38%.

Insider Activity

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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Kimberly-Clark 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.