7,417 Shares in Kimberly-Clark Corporation $KMB Bought by Wealth Alliance LLC

Wealth Alliance LLC acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,417 shares of the company’s stock, valued at approximately $715,000.

Several other institutional investors have also made changes to their positions in the business. Ally Financial Inc. bought a new position in Kimberly-Clark during the 4th quarter valued at about $1,009,000. Westpac Banking Corp increased its holdings in shares of Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after buying an additional 10,811 shares in the last quarter. Oddo BHF Asset Management Sas increased its holdings in shares of Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after buying an additional 14,115 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after acquiring an additional 2,628,206 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $1,047,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. The trade was 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. Over the last ninety days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by insiders.

Kimberly-Clark Trading Up 2.2%

Shares of KMB opened at $109.70 on Friday. 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 12-month low of $92.42 and a 12-month high of $137.46. The firm has a market capitalization of $36.41 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 4.92 and a beta of 0.26. The stock’s fifty day simple moving average is $104.38 and its 200-day simple moving average is $101.99.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $1.93 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.47 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a dividend of $1.28 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is 80.38%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KMB shares. Deutsche Bank Aktiengesellschaft dropped their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. UBS Group increased their target price on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Wells Fargo & Company raised their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.93.

About Kimberly-Clark

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.