Kimelman & Baird LLC Makes New $981,000 Investment in Kimberly-Clark Co. (NYSE:KMB)

Kimelman & Baird LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,100 shares of the company’s stock, valued at approximately $981,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wallace Capital Management Inc. bought a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $206,000. Regal Investment Advisors LLC grew its holdings in shares of Kimberly-Clark by 9.7% during the 2nd quarter. Regal Investment Advisors LLC now owns 30,623 shares of the company’s stock worth $4,232,000 after purchasing an additional 2,709 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark in the second quarter worth $26,000. Sunbelt Securities Inc. raised its stake in Kimberly-Clark by 6.7% in the second quarter. Sunbelt Securities Inc. now owns 13,401 shares of the company’s stock valued at $1,852,000 after purchasing an additional 839 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Kimberly-Clark by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 47,574 shares of the company’s stock worth $6,575,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.3 %

KMB stock opened at $142.54 on Monday. The stock’s 50 day moving average is $142.16 and its 200-day moving average is $136.71. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $149.30. The firm has a market capitalization of $47.99 billion, a PE ratio of 26.20, a P/E/G ratio of 3.00 and a beta of 0.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of several analyst reports. Barclays dropped 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 report on Friday, July 19th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price target for the company from $115.00 to $160.00 in a report on Thursday, June 13th. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Finally, Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.67.

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.