Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Grimes & Company Inc.

Grimes & Company Inc. grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 130.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,939 shares of the company’s stock after buying an additional 67,312 shares during the quarter. Grimes & Company Inc.’s holdings in Kimberly-Clark were worth $15,385,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC lifted its holdings in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the period. Cranbrook Wealth Management LLC raised its holdings in Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Kimberly-Clark during the fourth quarter worth $35,000. Bruce G. Allen Investments LLC acquired a new position in Kimberly-Clark during the fourth quarter worth $37,000. Finally, Northwest Financial Advisors acquired a new position in Kimberly-Clark during the fourth quarter worth $40,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.8 %

Shares of NYSE:KMB traded down $1.15 during midday trading on Friday, reaching $138.20. The company’s stock had a trading volume of 4,428,326 shares, compared to its average volume of 2,077,578. The business has a 50 day moving average price of $135.86 and a 200 day moving average price of $127.53. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $142.20. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm has a market cap of $46.53 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Research analysts forecast that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,395 shares of company stock valued at $3,332,776. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays lifted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. HSBC boosted their price target on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $141.64.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. 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.