Mirabella Financial Services LLP Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Mirabella Financial Services LLP bought a new stake in Kimberly-Clark Co. (NYSE:KMB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,950 shares of the company’s stock, valued at approximately $7,676,000.

Several other large investors also recently modified their holdings of KMB. Ascent Group LLC boosted its holdings in Kimberly-Clark by 17.2% during the first quarter. Ascent Group LLC now owns 7,075 shares of the company’s stock worth $915,000 after purchasing an additional 1,039 shares during the last quarter. Waverly Advisors LLC grew its holdings in shares of Kimberly-Clark by 11.8% in the 1st quarter. Waverly Advisors LLC now owns 12,728 shares of the company’s stock valued at $1,646,000 after acquiring an additional 1,343 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Kimberly-Clark by 3.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,369 shares of the company’s stock valued at $2,241,000 after acquiring an additional 572 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $285,000. Finally, Tidal Investments LLC raised its holdings in Kimberly-Clark by 61.7% during the first quarter. Tidal Investments LLC now owns 38,668 shares of the company’s stock worth $4,997,000 after acquiring an additional 14,761 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $139.50 on Monday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market cap of $46.52 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.90 and a beta of 0.40. The stock’s fifty day moving average price is $138.72 and its two-hundred day moving average price is $139.17. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the company posted $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays boosted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. UBS Group cut their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $149.93.

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.