Resona Asset Management Co. Ltd. Sells 8,645 Shares of Kimberly-Clark Corporation $KMB

Resona Asset Management Co. Ltd. cut its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 138,731 shares of the company’s stock after selling 8,645 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Kimberly-Clark were worth $13,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the second quarter worth about $27,000. Godfrey Financial Associates Inc. bought a new stake in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter worth about $28,000. CrossGen Wealth LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $27,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 2.3%

KMB traded up $2.48 on Friday, hitting $112.41. 3,342,307 shares of the company were exchanged, compared to its average volume of 4,534,243. The stock’s fifty day moving average is $102.23 and its 200-day moving average is $101.47. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The company has a market cap of $37.31 billion, a PE ratio of 17.65, a PEG ratio of 4.93 and a beta of 0.26.

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

Kimberly-Clark Dividend Announcement

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

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,096 shares of company stock worth $689,687 over the last ninety days. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday. Piper Sandler upped their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. UBS Group upped their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Bank of America decreased their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.