Wealth Alliance LLC Invests $715,000 in Kimberly-Clark Corporation $KMB

Wealth Alliance LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 1st quarter, Holdings Channel.com reports. The firm bought 7,417 shares of the company’s stock, valued at approximately $715,000.

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

Insiders Place Their Bets

In related news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred 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 owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,096 shares of company stock valued at $689,687 in the last three months. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $109.70 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $36.41 billion, a P/E ratio of 17.22, a P/E/G ratio of 4.92 and a beta of 0.26. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The stock has a 50 day moving average of $104.38 and a 200-day moving average of $101.99.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.09 billion. During the same period in the previous year, the company earned $1.93 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KMB shares. Bank of America cut their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. UBS Group raised their price objective on Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Barclays lifted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company increased their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $117.93.

About Kimberly-Clark

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.