22,300 Shares in Kimberly-Clark Co. (NYSE:KMB) Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,300 shares of the company’s stock, valued at approximately $2,885,000.

Several other large investors also recently bought and sold shares of KMB. Rise Advisors LLC increased its holdings in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the period. Cranbrook Wealth Management LLC lifted its position in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $35,000. Bruce G. Allen Investments LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $37,000. Finally, Northwest Financial Advisors acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded down $0.90 during midday trading on Friday, hitting $138.45. 673,987 shares of the company’s stock were exchanged, compared to its average volume of 2,133,422. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The stock’s 50 day moving average price is $135.35 and its 200-day moving average price is $127.29. The firm has a market cap of $46.62 billion, a P/E ratio of 25.62, a PEG ratio of 3.14 and a beta of 0.38. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $142.20.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.52%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the sale, the vice president now owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. Insiders sold 24,395 shares of company stock worth $3,332,776 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMB. The Goldman Sachs Group raised their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price objective for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. HSBC raised their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company raised their price target on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.64.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.