Maverick Capital Ltd. Invests $1.84 Million in Kimberly-Clark Corporation $KMB

Maverick Capital Ltd. purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 19,028 shares of the company’s stock, valued at approximately $1,836,000.

Several other large investors have also recently modified their holdings of KMB. Wellington Management Group LLP grew its position in Kimberly-Clark by 26,997.7% during the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after purchasing an additional 7,341,215 shares during the last quarter. Norges Bank purchased a new position in Kimberly-Clark in the fourth quarter worth about $521,184,000. Massachusetts Financial Services Co. MA raised its holdings in 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 worth $790,934,000 after buying an additional 2,628,206 shares during the last quarter. KBC Group NV lifted its stake in shares of Kimberly-Clark by 459.9% in the first quarter. KBC Group NV now owns 1,695,768 shares of the company’s stock worth $163,591,000 after buying an additional 1,392,873 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,096 shares of company stock valued at $689,687 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Up 1.6%

KMB stock opened at $111.44 on Tuesday. The company has a market cap of $36.99 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 4.92 and a beta of 0.26. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The business’s 50-day moving average is $104.68 and its two-hundred day moving average is $102.12. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KMB shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Bank of America lowered their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Piper Sandler increased their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Barclays lifted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, UBS Group boosted their price target on Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.93.

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.