AlphaCore Capital LLC Boosts Stock Position in Kimberly-Clark Corporation $KMB

AlphaCore Capital LLC raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 642.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,642 shares of the company’s stock after acquiring an additional 6,613 shares during the quarter. AlphaCore Capital LLC’s holdings in Kimberly-Clark were worth $781,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in Kimberly-Clark during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark during the 2nd quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at $28,000. 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 buying an additional 140 shares during the period. Finally, Investors Research Corp bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $33,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KMB shares. Wells Fargo & Company lowered their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Barclays lowered their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft decreased their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $114.93.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. Company insiders own 0.75% of the company’s stock.

Kimberly-Clark Trading Up 0.7%

Shares of Kimberly-Clark stock opened at $96.54 on Tuesday. The firm has a market cap of $32.05 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 4.30 and a beta of 0.29. The business has a 50-day moving average price of $98.04 and a 200-day moving average price of $101.85. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 earnings per share. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

Kimberly-Clark 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.