Sanctuary Advisors LLC Grows Position in Kimberly-Clark Corporation $KMB

Sanctuary Advisors LLC lifted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 34.2% during the 1st quarter, Holdings Channel reports. The firm owned 114,920 shares of the company’s stock after acquiring an additional 29,273 shares during the period. Sanctuary Advisors LLC’s holdings in Kimberly-Clark were worth $11,086,000 at the end of the most recent quarter.

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

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 transaction of $401,310.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 7,096 shares of company stock worth $689,687. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Wells Fargo & Company raised their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Piper Sandler lifted their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $116.79.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $108.99 on Friday. The stock’s 50 day simple moving average is $102.99 and its two-hundred day simple moving average is $101.69. 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 stock has a market cap of $36.18 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 4.74 and a beta of 0.26. 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 announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.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 company earned $1.93 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $1.28 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

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.