Railway Pension Investments Ltd Buys 132,900 Shares of Kimberly-Clark Co. (NYSE:KMB)

Railway Pension Investments Ltd grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 108.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,840 shares of the company’s stock after purchasing an additional 132,900 shares during the period. Railway Pension Investments Ltd owned about 0.08% of Kimberly-Clark worth $35,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Annapolis Financial Services LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at $28,000. Fiduciary Alliance LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at $29,000. Barrett & Company Inc. boosted its stake in Kimberly-Clark by 1,333.3% in the second quarter. Barrett & Company Inc. now owns 215 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Horizons Wealth Management bought a new stake in shares of Kimberly-Clark during the second quarter worth $32,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at $38,000. Institutional investors own 74.38% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Sandra R. Karrmann sold 5,122 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the transaction, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Zackery A. Hicks sold 3,020 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $119.43, for a total transaction of $360,678.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the transaction, the insider now owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $122.00 to $119.00 and set an “underweight” rating on the stock in a report on Wednesday, October 25th. Citigroup decreased their price objective on Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating on the stock in a research report on Wednesday, October 11th. Piper Sandler started coverage on Kimberly-Clark in a research note on Friday. They issued an “overweight” rating and a $146.00 price target on the stock. Bank of America decreased their price objective on Kimberly-Clark from $145.00 to $138.00 in a research note on Wednesday, July 26th. Finally, The Goldman Sachs Group cut their target price on Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $131.93.

Kimberly-Clark Stock Up 0.6 %

Shares of KMB stock traded up $0.76 during trading hours on Tuesday, hitting $121.30. 139,862 shares of the company were exchanged, compared to its average volume of 1,709,973. The company has a market capitalization of $40.99 billion, a PE ratio of 23.18, a PEG ratio of 2.23 and a beta of 0.38. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.87. The business has a 50 day moving average of $121.43 and a two-hundred day moving average of $129.72. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 8.81.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.16. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.16 billion. Kimberly-Clark had a return on equity of 292.92% and a net margin of 8.63%. Kimberly-Clark’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. Analysts anticipate that Kimberly-Clark Co. will post 6.59 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be given a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 90.77%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.