Royal Fund Management LLC Raises Stock Position in Kimberly-Clark Corporation $KMB

Royal Fund Management LLC lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 102.2% during the first quarter, Holdings Channel reports. The firm owned 67,852 shares of the company’s stock after acquiring an additional 34,289 shares during the quarter. Royal Fund Management LLC’s holdings in Kimberly-Clark were worth $6,548,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth $27,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark during the 4th quarter worth $27,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KMB. Wells Fargo & Company boosted their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Piper Sandler increased their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Barclays lifted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. 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 research note on Friday, April 10th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. 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 stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Up 0.1%

Kimberly-Clark stock opened at $113.21 on Thursday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46. The firm has a market capitalization of $37.58 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 5.07 and a beta of 0.26. The stock’s fifty day moving average is $105.33 and its two-hundred day moving average is $102.33. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 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 for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the company earned $1.93 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Analysts predict that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Company 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.