K.J. Harrison & Partners Inc Lowers Holdings in Kimberly-Clark Corporation $KMB

K.J. Harrison & Partners Inc trimmed its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 25.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 5,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Kimberly-Clark were worth $1,447,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after acquiring an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC grew its stake in shares of Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after acquiring an additional 326 shares during the period. Finally, HUB Investment Partners LLC grew its stake in shares of Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after acquiring an additional 1,811 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last three months. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMB. Piper Sandler increased their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday, June 24th. UBS Group raised their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Barclays cut their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $115.43.

Kimberly-Clark Price Performance

KMB opened at $114.72 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The firm’s 50 day simple moving average is $100.78 and its two-hundred day simple moving average is $101.12. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $38.08 billion, a PE ratio of 18.01, a PEG ratio of 5.14 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.Kimberly-Clark’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.93 earnings per share. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a dividend of $1.28 per share. The ex-dividend date was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.5%. Kimberly-Clark’s payout ratio is 80.38%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.