10,000 Shares in Kimberly-Clark Corporation $KMB Acquired by Ally Financial Inc.

Key Points

• Ally Financial Inc. opened a new position in Kimberly-Clark, buying 10,000 shares valued at about $1.01 million in the fourth quarter.
• Kimberly-Clark reported better-than-expected quarterly results, with EPS of $1.97 versus estimates of $1.93 and revenue of $4.16 billion, up 2.7% year over year.
• The company also announced a quarterly dividend of $1.28 per share, equivalent to a 5.0% yield annualized, while analysts currently rate the stock a consensus Hold.

Ally Financial Inc. bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,000 shares of the company's stock, valued at approximately $1,009,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after purchasing an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Kimberly-Clark by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company's stock valued at $46,923,000 after purchasing an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Kimberly-Clark by 44.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company's stock valued at $36,698,000 after purchasing an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC raised its position in Kimberly-Clark by 11.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company's stock valued at $424,000 after purchasing an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC raised its position in Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company's stock valued at $1,372,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

Insiders Place Their Bets

In related news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company's stock, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the business's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by insiders.

Kimberly-Clark Stock Up 0.7%

Shares of Kimberly-Clark stock opened at $102.29 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46. The business has a fifty day simple moving average of $97.79 and a 200 day simple moving average of $100.96. The stock has a market cap of $33.95 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 4.59 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the firm earned $1.93 earnings per share. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.0%. Kimberly-Clark's payout ratio is 80.38%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMB. UBS Group lifted their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Barclays cut their price objective on Kimberly-Clark from $105.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating for the company in a research report on Monday, March 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Finally, Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $114.93.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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