Catalina Capital Group LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Catalina Capital Group LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,967 shares of the company’s stock, valued at approximately $272,000.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Kimberly-Clark by 506.8% in the 4th quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after buying an additional 10,820 shares in the last quarter. Nixon Peabody Trust Co. purchased a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $1,081,000. Focus Financial Network Inc. ADV bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $1,094,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Kimberly-Clark during the fourth quarter valued at approximately $11,994,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMB. Barclays reduced their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. BNP Paribas began coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. Piper Sandler upped their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price target for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Finally, StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded down $0.99 during trading on Friday, reaching $143.61. 1,252,039 shares of the company’s stock traded hands, compared to its average volume of 2,158,105. The firm has a market cap of $48.35 billion, a PE ratio of 26.40, a P/E/G ratio of 2.95 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.68. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The company has a 50-day simple moving average of $140.38 and a 200-day simple moving average of $132.70.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. As a group, analysts predict that Kimberly-Clark Co. will post 7.21 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.40%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Buying and Selling

In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.