Azzad Asset Management Inc. ADV Invests $4.70 Million in Kimberly-Clark Co. (NYSE:KMB)

Azzad Asset Management Inc. ADV purchased a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,024 shares of the company's stock, valued at approximately $4,697,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $29,000. Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $33,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $33,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $34,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $0.24 during midday trading on Monday, reaching $130.60. 925,413 shares of the company traded hands, compared to its average volume of 2,169,942. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The firm has a market capitalization of $43.34 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a fifty day moving average price of $136.70 and a 200 day moving average price of $135.22.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm posted $2.01 EPS. On average, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.86%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMB. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Evercore ISI dropped their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler dropped their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Finally, Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $143.73.

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.