Canada Post Corp Registered Pension Plan Acquires 20,436 Shares of Kimberly-Clark Corporation $KMB

Canada Post Corp Registered Pension Plan boosted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 401.1% during the third quarter, Holdings Channel.com reports. The firm owned 25,531 shares of the company’s stock after buying an additional 20,436 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Kimberly-Clark were worth $3,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of Kimberly-Clark during the third quarter valued at approximately $25,000. True Wealth Design LLC boosted its holdings in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Winnow Wealth LLC purchased a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. Finally, Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark during the 2nd quarter valued at $27,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 0.1%

KMB stock opened at $104.33 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45. The stock has a market capitalization of $34.63 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 4.10 and a beta of 0.26. The firm’s fifty day simple moving average is $101.33 and its two-hundred day simple moving average is $114.49.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $1.28 dividend. The ex-dividend date is Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 83.03%.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore restated an “in-line” rating and set a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Wells Fargo & Company decreased their target price on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Morgan Stanley decreased their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 4th. Barclays set a $102.00 price target on Kimberly-Clark in a report on Friday, January 16th. Finally, Royal Bank Of Canada restated an “overweight” rating and set a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $118.58.

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.