Edgestream Partners L.P. Purchases 10,359 Shares of Kimberly-Clark Co. (NYSE:KMB)

Edgestream Partners L.P. raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 458.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,618 shares of the company's stock after acquiring an additional 10,359 shares during the period. Edgestream Partners L.P.'s holdings in Kimberly-Clark were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Kimberly-Clark by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company's stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Geode Capital Management LLC grew its holdings in Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company's stock valued at $1,113,444,000 after buying an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Kimberly-Clark by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock valued at $986,616,000 after purchasing an additional 417,118 shares in the last quarter. Invesco Ltd. boosted its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock worth $740,868,000 after acquiring an additional 1,015,141 shares during the period. Finally, Norges Bank bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $582,592,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $127.91 on Friday. The company has a fifty day simple moving average of $133.91 and a 200-day simple moving average of $134.59. The stock has a market cap of $42.44 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were paid a $1.26 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.94%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several recent analyst reports. Barclays dropped their price target on Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Piper Sandler reduced their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. UBS Group cut their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Wells Fargo & Company increased their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $142.70.

Insider Buying and Selling

In related news, insider Katy Chen sold 740 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider directly owned 3,997 shares in the company, valued at approximately $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.64% of the company's stock.

Kimberly-Clark Company 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.

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