Signaturefd LLC Has $1.54 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Signaturefd LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 11,171 shares of the company’s stock after acquiring an additional 346 shares during the quarter. Signaturefd LLC’s holdings in Kimberly-Clark were worth $1,544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $437,420,000. Price T Rowe Associates Inc. MD raised its stake in Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares during the period. Capital World Investors raised its stake in Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after buying an additional 370,094 shares during the period. KBC Group NV raised its stake in Kimberly-Clark by 277.9% during the 4th quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after buying an additional 347,778 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Kimberly-Clark by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 779,224 shares of the company’s stock worth $100,793,000 after purchasing an additional 318,680 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In related news, 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 transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, 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 transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of KMB opened at $144.66 on Friday. The firm has a market cap of $48.71 billion, a PE ratio of 26.59, a PEG ratio of 2.95 and a beta of 0.37. The stock’s fifty day moving average price is $140.70 and its two-hundred day moving average price is $133.51. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $145.68.

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

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.37%. Kimberly-Clark’s payout ratio is 89.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BNP Paribas assumed coverage on Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark Company Profile

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.