3,000 Shares in Kimberly-Clark Co. (NYSE:KMB) Acquired by Broderick Brian C

Broderick Brian C acquired a new position in Kimberly-Clark Co. (NYSE:KMB) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $388,000.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in Kimberly-Clark in the fourth quarter worth approximately $437,420,000. American Century Companies Inc. boosted its stake in Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after buying an additional 641,187 shares in the last quarter. Capital World Investors boosted its stake in Kimberly-Clark by 23.8% in the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after buying an additional 370,094 shares in the last quarter. Nordea Investment Management AB boosted its stake in Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after buying an additional 368,505 shares in the last quarter. Finally, KBC Group NV boosted its stake in Kimberly-Clark by 277.9% in the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after buying an additional 347,778 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the transaction, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were 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 worth $3,332,776. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Trading Up 0.2 %

KMB stock traded up $0.23 on Thursday, reaching $141.02. The company’s stock had a trading volume of 1,395,082 shares, compared to its average volume of 2,120,874. The business has a fifty day simple moving average of $136.45 and a two-hundred day simple moving average of $128.63. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $142.20. The firm has a market cap of $47.48 billion, a PE ratio of 25.92, a PEG ratio of 3.14 and a beta of 0.37. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were issued a $1.22 dividend. The ex-dividend date was Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.46%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMB. The Goldman Sachs Group upped their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group increased their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. BNP Paribas initiated coverage on Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. HSBC increased their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $143.36.

Kimberly-Clark Company 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.