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OPSEU Pension Plan Trust Fund Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

Financial News Live · Aug 8, 2022 11:01

OPSEU Pension Plan Trust Fund boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 2.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,224 shares of the company's stock after purchasing an additional 266 shares during the period. OPSEU Pension Plan Trust Fund's holdings in Kimberly-Clark were worth $1,634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. Bivin & Associates Inc. purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $26,000. HWG Holdings LP acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $29,000. Lumature Wealth Partners LLC lifted its stake in shares of Kimberly-Clark by 66.4% in the fourth quarter. Lumature Wealth Partners LLC now owns 208 shares of the company's stock valued at $30,000 after purchasing an additional 83 shares during the period. Roble Belko & Company Inc lifted its stake in shares of Kimberly-Clark by 69.5% in the first quarter. Roble Belko & Company Inc now owns 256 shares of the company's stock valued at $32,000 after purchasing an additional 105 shares during the period. Finally, DeDora Capital Inc. acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $33,000. 74.32% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages recently commented on KMB. Royal Bank of Canada raised their price objective on shares of Kimberly-Clark from $122.00 to $124.00 and gave the company a "sector perform" rating in a research note on Monday, April 25th. Morgan Stanley raised their price objective on shares of Kimberly-Clark from $133.00 to $137.00 and gave the company an "equal weight" rating in a research note on Monday, April 25th. Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $128.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, April 25th. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $130.00 to $138.00 in a research report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $131.14.

Kimberly-Clark Price Performance

KMB opened at $133.38 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a 52-week low of $117.32 and a 52-week high of $145.79. The company has a 50 day moving average of $131.77 and a two-hundred day moving average of $131.06. The company has a market cap of $45.03 billion, a P/E ratio of 25.21, a P/E/G ratio of 4.73 and a beta of 0.31.

Kimberly-Clark (NYSE:KMB – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The business had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the firm earned $1.47 earnings per share. Kimberly-Clark's quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Co. will post 5.64 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be paid a $1.16 dividend. The ex-dividend date is Thursday, September 8th. This represents a $4.64 annualized dividend and a dividend yield of 3.48%. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.71%.

Insider Activity

In other news, CEO Michael D. Hsu sold 41,698 shares of the company's stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $140.08, for a total value of $5,841,055.84. Following the completion of the transaction, the chief executive officer now directly owns 89,593 shares in the company, valued at $12,550,187.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company's stock.

About Kimberly-Clark

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.