Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Excalibur Management Corp

Excalibur Management Corp grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,588 shares of the company’s stock after purchasing an additional 312 shares during the quarter. Excalibur Management Corp’s holdings in Kimberly-Clark were worth $910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares in the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $437,420,000. Capital World Investors lifted its stake in shares of Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after acquiring an additional 342,790 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after acquiring an additional 354,501 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Kimberly-Clark by 2.9% in the first quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after acquiring an additional 48,103 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $144.20 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The stock has a 50 day simple moving average of $142.28 and a 200-day simple moving average of $135.69. The company has a market cap of $48.57 billion, a PE ratio of 26.51, a P/E/G ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 3.38%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insiders Place Their Bets

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

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Barclays lowered their price objective on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. 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 report on Wednesday, July 24th. Finally, Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $160.00 in a report on Thursday, June 13th. 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 company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price 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.