Sierra Summit Advisors LLC Purchases 186 Shares of Kimberly-Clark Co. (NYSE:KMB)

Sierra Summit Advisors LLC lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,337 shares of the company’s stock after acquiring an additional 186 shares during the period. Sierra Summit Advisors LLC’s holdings in Kimberly-Clark were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. Norges Bank bought a new stake in Kimberly-Clark during the fourth quarter worth about $437,420,000. Price T Rowe Associates Inc. MD boosted its position in shares of Kimberly-Clark by 19.1% in 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 purchasing an additional 944,920 shares in the last quarter. Capital World Investors grew its stake in shares of Kimberly-Clark by 23.8% in 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 last quarter. Dimensional Fund Advisors LP increased its position in Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after buying an additional 354,501 shares in the last quarter. Finally, KBC Group NV raised its stake in Kimberly-Clark by 277.9% during the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock valued at $57,466,000 after buying an additional 347,778 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KMB shares. Barclays cut their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. BNP Paribas initiated coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Piper Sandler boosted their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.67.

Insider Activity

In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kimberly-Clark news, 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated 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 completion of 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. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $144.20 on Tuesday. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $149.30. The business has a fifty day moving average of $142.28 and a 200 day moving average of $135.69. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The firm has a market capitalization of $48.57 billion, a P/E ratio of 26.51, a PEG ratio of 3.04 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the company posted $1.65 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.38%. Kimberly-Clark’s payout ratio is presently 89.71%.

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.