Alpha Paradigm Partners LLC Boosts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Alpha Paradigm Partners LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,152 shares of the company’s stock after purchasing an additional 243 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in Kimberly-Clark were worth $288,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KMB. Nuance Investments LLC grew its holdings in shares of Kimberly-Clark by 96.8% during the second quarter. Nuance Investments LLC now owns 1,693,766 shares of the company’s stock worth $226,592,000 after purchasing an additional 833,202 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Kimberly-Clark by 9.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,530,259 shares of the company’s stock worth $1,141,177,000 after purchasing an additional 752,189 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Kimberly-Clark by 57.4% during the first quarter. Nordea Investment Management AB now owns 1,736,478 shares of the company’s stock worth $240,797,000 after purchasing an additional 633,402 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kimberly-Clark by 33.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,481,491 shares of the company’s stock worth $345,051,000 after purchasing an additional 621,421 shares during the last quarter. Finally, Marathon Asset Management LLP grew its holdings in shares of Kimberly-Clark by 110.7% during the second quarter. Marathon Asset Management LLP now owns 951,658 shares of the company’s stock worth $127,826,000 after purchasing an additional 499,980 shares during the last quarter. 71.37% of the stock is currently owned by institutional investors.

In other Kimberly-Clark news, insider Kimberly K. Underhill sold 19,018 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 26th. The shares were sold at an average price of $135.84, for a total value of $2,583,405.12. Following the completion of the sale, the insider now directly owns 62,042 shares of the company’s stock, valued at approximately $8,427,785.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aaron Powell sold 29,534 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $139.51, for a total transaction of $4,120,288.34. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating on the stock in a report on Monday, July 26th. Jefferies Financial Group raised their price target on Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, July 19th. HSBC assumed coverage on Kimberly-Clark in a report on Thursday, September 9th. They set a “hold” rating and a $131.00 price target on the stock. Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price target on the stock in a report on Monday, September 27th. Finally, UBS Group assumed coverage on Kimberly-Clark in a report on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $141.67.

KMB stock opened at $132.55 on Thursday. The firm has a 50 day moving average of $135.73 and a 200-day moving average of $134.70. Kimberly-Clark Co. has a 12-month low of $128.02 and a 12-month high of $155.26. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 10.01. The company has a market cap of $44.64 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 4.07 and a beta of 0.54.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Thursday, July 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.24). Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.77 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. Kimberly-Clark’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 6.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 4th. Investors of record on Friday, September 10th were given a dividend of $1.14 per share. The ex-dividend date of this dividend was Thursday, September 9th. This represents a $4.56 annualized dividend and a dividend yield of 3.44%. Kimberly-Clark’s dividend payout ratio is currently 58.91%.

Kimberly-Clark Company Profile

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

Further Reading: What does it mean to hold a stock in street name?

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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