Penserra Capital Management LLC Purchases 5,504 Shares of Kimberly-Clark Co. (NYSE:KMB)

Penserra Capital Management LLC lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 629.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,379 shares of the company's stock after buying an additional 5,504 shares during the period. Penserra Capital Management LLC's holdings in Kimberly-Clark were worth $906,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. SageView Advisory Group LLC boosted its position in Kimberly-Clark by 4.5% during the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock worth $224,000 after acquiring an additional 74 shares during the period. Cornerstone Wealth Management LLC boosted its position in Kimberly-Clark by 1.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after acquiring an additional 74 shares during the period. Tudor Financial Inc. boosted its position in Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after acquiring an additional 75 shares during the period. Park National Corp OH boosted its position in Kimberly-Clark by 2.6% during the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after acquiring an additional 77 shares during the period. Finally, Hoge Financial Services LLC boosted its position in Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 1,794 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. UBS Group lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Evercore ISI reduced their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Finally, Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $143.50.

Kimberly-Clark Stock Performance

KMB stock traded down $2.57 during mid-day trading on Friday, reaching $129.38. 1,846,626 shares of the stock traded hands, compared to its average volume of 2,214,847. The firm has a market capitalization of $42.93 billion, a PE ratio of 17.14, a P/E/G ratio of 4.46 and a beta of 0.35. The business has a 50-day moving average of $134.33 and a two-hundred day moving average of $134.73. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results 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 firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted $2.01 EPS. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were issued a dividend of $1.26 per share. The ex-dividend date was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.90%. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

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.