Kornitzer Capital Management Inc. KS Has $27.39 Million Holdings in Kimberly-Clark Corporation $KMB

Kornitzer Capital Management Inc. KS raised its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,974 shares of the company’s stock after buying an additional 5,055 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.09% of Kimberly-Clark worth $27,395,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KMB. Vanguard Group Inc. raised its position in shares of Kimberly-Clark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after purchasing an additional 315,981 shares during the period. State Street Corp boosted its holdings in shares of Kimberly-Clark by 1.4% during the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after buying an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock valued at $1,202,322,000 after buying an additional 299,382 shares during the last quarter. Geode Capital Management LLC grew its stake in Kimberly-Clark by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after buying an additional 65,619 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Kimberly-Clark by 50.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after acquiring an additional 2,628,206 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $2.48 during midday trading on Friday, hitting $112.41. The company’s stock had a trading volume of 3,342,307 shares, compared to its average volume of 4,534,243. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The company has a market cap of $37.31 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 4.93 and a beta of 0.26. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The company has a 50-day moving average price of $102.23 and a two-hundred day moving average price of $101.47.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 80.38%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,096 shares of company stock worth $689,687. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on KMB shares. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Bank of America lowered their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Piper Sandler boosted their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company upped their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $116.14.

Kimberly-Clark Company 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.