Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,207,253 shares of the company’s stock after acquiring an additional 23,788 shares during the quarter. Hsbc Holdings PLC’s holdings in Kimberly-Clark were worth $166,971,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KMB. Rise Advisors LLC lifted its stake 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 purchasing an additional 176 shares during the period. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark in the second quarter worth about $28,000. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth about $27,000. Fortitude Family Office LLC grew its position in shares of Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after acquiring an additional 250 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price target for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. BNP Paribas began coverage on Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price on the stock. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. TD Cowen initiated coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. Finally, Barclays cut their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Trading Down 0.4 %

KMB opened at $141.10 on Thursday. The firm has a market capitalization of $47.51 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. The company’s 50 day simple moving average is $142.33 and its two-hundred day simple moving average is $135.86. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 earnings per share. Analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.46%. Kimberly-Clark’s payout ratio is 89.71%.

About Kimberly-Clark

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.