Kimberly-Clark Corporation $KMB Shares Bought by Virtu Financial LLC

Virtu Financial LLC grew its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 558.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,442 shares of the company’s stock after acquiring an additional 45,322 shares during the quarter. Virtu Financial LLC’s holdings in Kimberly-Clark were worth $5,392,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the second quarter worth about $27,000. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at about $28,000. CrossGen Wealth LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at about $27,000. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying 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

A number of analysts have recently issued reports on the stock. Barclays cut their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Piper Sandler lifted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. UBS Group increased their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Wells Fargo & Company cut their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. 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, the company presently has a consensus rating of “Hold” and a consensus price target of $115.43.

Kimberly-Clark Trading Up 1.1%

KMB opened at $102.56 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The business has a fifty day simple moving average of $98.37 and a 200-day simple moving average of $100.79. The firm has a market cap of $34.04 billion, a P/E ratio of 16.10, a P/E/G ratio of 4.55 and a beta of 0.28. 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 (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 earnings per share. On average, equities analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction that occurred 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 have sold 7,096 shares of company stock worth $689,687 over the last quarter. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Company 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.