Versor Investments LP Acquires New Stake in Kimberly-Clark Corporation $KMB

Versor Investments LP bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 3rd quarter, Holdings Channel.com reports. The fund bought 6,322 shares of the company’s stock, valued at approximately $786,000.

Several other institutional investors have also recently made changes to their positions in KMB. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $25,000. True Wealth Design LLC lifted its holdings in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares during the last quarter. Winnow Wealth LLC purchased a new position in Kimberly-Clark during the second quarter valued at $27,000. Finally, Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the second quarter valued at $27,000. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on KMB shares. Evercore reissued an “in-line” rating and set a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Morgan Stanley reduced their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Finally, BNP Paribas Exane reissued a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.58.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

Shares of KMB opened at $105.88 on Wednesday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The company has a 50 day moving average price of $101.23 and a 200-day moving average price of $114.08. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The stock has a market capitalization of $35.14 billion, a PE ratio of 17.44, a PEG ratio of 4.11 and a beta of 0.26.

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

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $1.28 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 83.03%.

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.