Holowesko Partners Ltd. Increases Stock Holdings in Kimberly-Clark Corporation $KMB

Holowesko Partners Ltd. increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 11.0% during the fourth quarter, HoldingsChannel reports. The firm owned 288,400 shares of the company’s stock after buying an additional 28,500 shares during the period. Kimberly-Clark comprises 10.1% of Holowesko Partners Ltd.’s portfolio, making the stock its biggest holding. Holowesko Partners Ltd.’s holdings in Kimberly-Clark were worth $29,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Greatmark Investment Partners Inc. increased its position in Kimberly-Clark by 2.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Kimberly-Clark by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Kimberly-Clark by 0.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares during the last quarter. ORG Wealth Partners LLC increased its position in Kimberly-Clark by 15.2% during the fourth quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after acquiring an additional 114 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its position in Kimberly-Clark by 5.0% during the third quarter. Advyzon Investment Management LLC now owns 2,444 shares of the company’s stock valued at $304,000 after acquiring an additional 117 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB opened at $99.04 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The business has a 50-day simple moving average of $97.47 and a two-hundred day simple moving average of $101.04. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 4.44 and a beta of 0.28. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $1.93 earnings per share. On average, analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio is presently 80.38%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katy Chen sold 1,596 shares of the company’s 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 sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 7,096 shares of company stock valued at $689,687. Company insiders own 0.75% of the company’s stock.

Kimberly-Clark News Summary

Here are the key news stories impacting Kimberly-Clark this week:

• Positive Sentiment: Jim Cramer highlighted Kimberly-Clark as an attractive staple stock, saying he likes it partly because of its pending merger with Kenvue, which may have helped boost investor interest in the name. Article
• Positive Sentiment: Investors are also focusing on Kimberly-Clark’s recent conference presentation and its upcoming dividend schedule, which can attract income-oriented buyers and support the stock during periods of market volatility. Article
• Positive Sentiment: The broader move into consumer staples also appears to be helping, as investors rotate toward more defensive sectors amid sharp weakness in the overall market. Article
• Neutral Sentiment: Kimberly-Clark’s recent conference appearance and prior earnings update reinforced steady fundamentals, but there was no single new operating headline driving the move. Article

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America reduced their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, UBS Group upped their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $114.93.

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.