GAMMA Investing LLC Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

GAMMA Investing LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10,975.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,902,050 shares of the company's stock after acquiring an additional 1,884,877 shares during the period. GAMMA Investing LLC owned 0.57% of Kimberly-Clark worth $270,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after buying an additional 2,765 shares during the period. Synergy Asset Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $35,000. Busey Bank lifted its stake in Kimberly-Clark by 2.6% in the fourth quarter. Busey Bank now owns 5,449 shares of the company's stock worth $714,000 after acquiring an additional 136 shares during the period. Crews Bank & Trust bought a new stake in Kimberly-Clark in the fourth quarter valued at $429,000. Finally, Mediolanum International Funds Ltd boosted its holdings in Kimberly-Clark by 56.8% in the fourth quarter. Mediolanum International Funds Ltd now owns 237,487 shares of the company's stock valued at $30,944,000 after acquiring an additional 86,063 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. UBS Group increased their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Barclays reduced their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Evercore ISI lowered their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $145.08.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by insiders.

Kimberly-Clark Stock Up 0.3%

Kimberly-Clark stock traded up $0.47 on Wednesday, hitting $139.97. 613,866 shares of the stock traded hands, compared to its average volume of 2,172,069. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market cap of $46.44 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The business's fifty day simple moving average is $137.68 and its 200 day simple moving average is $135.46. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45.

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

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio is presently 68.66%.

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.