Polar Asset Management Partners Inc. Takes $1.07 Million Position in Kimberly-Clark Corporation $KMB

Polar Asset Management Partners Inc. bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,067 shares of the company’s stock, valued at approximately $1,068,000.

A number of other hedge funds have also made changes to their positions in KMB. Godfrey Financial Associates Inc. bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at $27,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at about $27,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research reports. Barclays raised their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. UBS Group lifted their target price on Kimberly-Clark from $106.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Piper Sandler boosted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Wells Fargo & Company upped their price target 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. Finally, Bank of America decreased their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $111.44 on Tuesday. The stock has a market cap of $36.99 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 4.92 and a beta of 0.26. The stock has a 50-day moving average of $104.68 and a 200-day moving average of $102.12. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data 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 firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company earned $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

Insiders Place Their Bets

In other news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction 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 owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents 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 three months, insiders have sold 7,096 shares of company stock worth $689,687. Insiders own 0.75% of the company’s stock.

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.