Aware Super Pty Ltd as trustee of Aware Super Purchases New Shares in Kimberly-Clark Corporation $KMB

Key Points

• Aware Super opened a new position in Kimberly-Clark, buying 20,904 shares worth about $2.0 million in the first quarter. Institutional ownership remains high, with hedge funds and other investors holding about 76.29% of the stock.
• Kimberly-Clark’s latest quarterly results came in above expectations, with EPS of $1.97 versus the $1.93 estimate and revenue of $4.16 billion versus the $4.09 billion forecast. Revenue rose 2.7% year over year, and analysts currently expect full-year EPS of 7.47.
• The company paid a quarterly dividend of $1.28 per share, implying an annualized dividend of $5.12 and a yield of about 4.7%. Analyst sentiment is mixed, with a consensus rating of Hold and an average price target of $116.79.

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,904 shares of the company's stock, valued at approximately $2,017,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $27,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company's stock worth $29,000 after buying an additional 140 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on KMB shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating for the company in a report on Monday, March 30th. Barclays decreased their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 14th. Bank of America lowered their target price on shares of Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Finally, Piper Sandler increased their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an "overweight" rating in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $116.79.

Kimberly-Clark Stock Down 0.6%

KMB stock opened at $108.35 on Friday. The company has a 50 day moving average price of $103.19 and a two-hundred day moving average price of $101.74. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The stock has a market capitalization of $35.97 billion, a P/E ratio of 17.01, a PEG ratio of 4.85 and a beta of 0.26. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.93 EPS. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.47 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, June 5th. Kimberly-Clark's dividend payout ratio is presently 80.38%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,096 shares of company stock worth $689,687 over the last ninety days. Corporate insiders own 0.75% of the company's stock.

Kimberly-Clark Profile

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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