Jacobi Capital Management LLC Purchases 448 Shares of Kimberly-Clark Co. (NYSE:KMB)

Jacobi Capital Management LLC increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,467 shares of the company’s stock after acquiring an additional 448 shares during the period. Jacobi Capital Management LLC’s holdings in Kimberly-Clark were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC increased its stake in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Kimberly-Clark during the first quarter worth about $27,000. Wetzel Investment Advisors Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $35,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $40,000. 76.29% of the stock is owned by institutional investors.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Katy Chen sold 454 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the transaction, the insider now directly owns 520 shares of the company’s stock, valued at $70,324.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paula Ramos sold 10,178 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The disclosure for this sale can be found here. Insiders have sold 24,395 shares of company stock worth $3,332,776 in the last quarter. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KMB shares. UBS Group increased their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Citigroup boosted their price target on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Finally, Bank of America upgraded shares of 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 report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.14.

Kimberly-Clark Trading Up 0.4 %

KMB stock traded up $0.51 during midday trading on Monday, hitting $144.14. The stock had a trading volume of 2,563,390 shares, compared to its average volume of 2,133,337. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The business has a fifty day moving average price of $137.23 and a two-hundred day moving average price of $129.65. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.62. The firm has a market cap of $48.53 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.19 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion for 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 firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.07 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.39%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

About Kimberly-Clark

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.