Tidal Investments LLC Buys 14,761 Shares of Kimberly-Clark Co. (NYSE:KMB)

Tidal Investments LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 61.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 38,668 shares of the company’s stock after acquiring an additional 14,761 shares during the quarter. Tidal Investments LLC’s holdings in Kimberly-Clark were worth $4,997,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KMB. Sugar Maple Asset Management LLC bought a new stake in Kimberly-Clark in the first quarter valued at about $285,000. B. Riley Wealth Advisors Inc. boosted its position in Kimberly-Clark by 3.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,369 shares of the company’s stock valued at $2,241,000 after buying an additional 572 shares in the last quarter. Waverly Advisors LLC boosted its position in Kimberly-Clark by 11.8% in the first quarter. Waverly Advisors LLC now owns 12,728 shares of the company’s stock valued at $1,646,000 after buying an additional 1,343 shares in the last quarter. Kinloch Capital LLC boosted its position in Kimberly-Clark by 19.3% in the first quarter. Kinloch Capital LLC now owns 28,720 shares of the company’s stock valued at $3,715,000 after buying an additional 4,650 shares in the last quarter. Finally, Ascent Group LLC boosted its position in Kimberly-Clark by 17.2% in the first quarter. Ascent Group LLC now owns 7,075 shares of the company’s stock valued at $915,000 after buying an additional 1,039 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. Insiders sold a total of 43,312 shares of company stock worth $6,106,519 over the last quarter. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Citigroup upped their target price on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their target price for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Two 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 company’s stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Up 2.0 %

Shares of KMB stock traded up $2.70 during trading hours on Thursday, hitting $137.75. 843,512 shares of the company were exchanged, compared to its average volume of 2,181,660. The business has a 50 day moving average of $138.03 and a two-hundred day moving average of $130.52. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $145.62. The company has a market capitalization of $46.39 billion, a PE ratio of 24.83, a PEG ratio of 2.91 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Analysts anticipate that Kimberly-Clark Co. will post 7.21 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.54%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

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.