Sierra Summit Advisors LLC Boosts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Sierra Summit Advisors LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,337 shares of the company’s stock after acquiring an additional 186 shares during the period. Sierra Summit Advisors LLC’s holdings in Kimberly-Clark were worth $323,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after acquiring an additional 354,501 shares in the last quarter. Wilkins Investment Counsel Inc. boosted its holdings in Kimberly-Clark by 51.0% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 5,480 shares of the company’s stock valued at $757,000 after purchasing an additional 1,850 shares during the period. Hoge Financial Services LLC grew its position in shares of Kimberly-Clark by 21.4% during the 2nd quarter. Hoge Financial Services LLC now owns 1,892 shares of the company’s stock valued at $261,000 after purchasing an additional 334 shares in the last quarter. Guardian Wealth Management Inc. increased its holdings in shares of Kimberly-Clark by 1.3% in the second quarter. Guardian Wealth Management Inc. now owns 14,864 shares of the company’s stock worth $2,054,000 after purchasing an additional 195 shares during the period. Finally, Wealthspire Advisors LLC raised its position in shares of Kimberly-Clark by 5.0% in the second quarter. Wealthspire Advisors LLC now owns 6,245 shares of the company’s stock worth $863,000 after buying an additional 298 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s 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 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 this hyperlink. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’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 completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The shares were 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 in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Up 0.5 %

KMB opened at $144.20 on Tuesday. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $149.30. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The business’s 50-day moving average price is $142.28 and its 200-day moving average price is $135.69. The company has a market cap of $48.57 billion, a P/E ratio of 26.51, a P/E/G ratio of 3.04 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.38%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Piper Sandler boosted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Finally, Barclays lowered their price objective 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $145.67.

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.