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

Canada Post Corp Registered Pension Plan raised its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 401.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,531 shares of the company’s stock after purchasing an additional 20,436 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Kimberly-Clark were worth $3,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in KMB. Cloud Capital Management LLC purchased a new position in Kimberly-Clark in the third quarter valued at about $25,000. True Wealth Design LLC lifted its stake in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the period. Winnow Wealth LLC purchased a new stake in Kimberly-Clark in the second quarter worth $27,000. Finally, Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the second quarter worth $27,000. 76.29% of the stock is currently owned by institutional investors.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $104.33 on Friday. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $34.63 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 4.10 and a beta of 0.26. The firm’s 50 day simple moving average is $101.33 and its 200 day simple moving average is $114.49.

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

Kimberly-Clark Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. UBS Group increased their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Zacks Research raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Finally, Morgan Stanley reduced their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $118.58.

Kimberly-Clark Company 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.