Oddo BHF Asset Management Sas Has $6.23 Million Stock Position in Kimberly-Clark Corporation $KMB

Oddo BHF Asset Management Sas increased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 29.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,795 shares of the company’s stock after acquiring an additional 14,115 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Kimberly-Clark were worth $6,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark during the fourth quarter worth $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the second quarter worth $27,000. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. increased its position in Kimberly-Clark by 96.6% during the fourth 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 period. Finally, Motiv8 Investments LLC bought a new position in Kimberly-Clark during the fourth quarter worth $31,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Insiders sold a total of 7,096 shares of company stock worth $689,687 in the last 90 days. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Trading Up 0.8%

Shares of Kimberly-Clark stock opened at $103.14 on Tuesday. The firm has a market capitalization of $34.24 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 4.59 and a beta of 0.28. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The company’s fifty day moving average price is $97.93 and its two-hundred day moving average price is $100.91. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (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 for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $1.93 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.

Analyst Ratings Changes

Several equities research analysts have issued reports on KMB shares. Piper Sandler lowered their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $114.93.

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.