Element Capital Management LLC Purchases New Shares in Kimberly-Clark Co. (NYSE:KMB)

Element Capital Management LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 41,125 shares of the company’s stock, valued at approximately $5,520,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Kimberly-Clark by 20.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,628,171 shares of the company’s stock worth $1,307,025,000 after buying an additional 1,643,311 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kimberly-Clark by 11.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,095,043 shares of the company’s stock valued at $963,152,000 after purchasing an additional 715,624 shares during the last quarter. Geode Capital Management LLC lifted its position in Kimberly-Clark by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,357,163 shares of the company’s stock valued at $861,765,000 after purchasing an additional 147,641 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Kimberly-Clark by 2.8% during the 1st quarter. Wellington Management Group LLP now owns 5,270,265 shares of the company’s stock worth $707,375,000 after buying an additional 145,688 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Kimberly-Clark by 14.6% during the 4th quarter. Morgan Stanley now owns 4,819,009 shares of the company’s stock worth $654,181,000 after buying an additional 613,295 shares in the last quarter. 74.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 4,423 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total value of $576,007.29. Following the completion of the sale, the insider now directly owns 28,169 shares in the company, valued at $3,668,448.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total value of $664,835.60. Following the sale, the insider now owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Melucci sold 4,423 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $130.23, for a total transaction of $576,007.29. Following the completion of the sale, the insider now directly owns 28,169 shares in the company, valued at approximately $3,668,448.87. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Down 0.1 %

NYSE KMB traded down $0.13 during trading on Wednesday, reaching $126.89. The company’s stock had a trading volume of 987,688 shares, compared to its average volume of 1,693,594. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 12.21. The stock has a market capitalization of $42.91 billion, a PE ratio of 26.19, a PEG ratio of 2.43 and a beta of 0.39. The business has a 50-day moving average price of $131.41 and a 200-day moving average price of $133.91. Kimberly-Clark Co. has a 1-year low of $108.74 and a 1-year high of $147.87.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. Kimberly-Clark had a net margin of 8.07% and a return on equity of 303.40%. The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.13 billion. During the same period in the previous year, the company earned $1.34 earnings per share. Kimberly-Clark’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts forecast that Kimberly-Clark Co. will post 6.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark’s payout ratio is 97.32%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Kimberly-Clark from $145.00 to $138.00 in a research report on Wednesday, July 26th. Barclays lifted their price objective on shares of Kimberly-Clark from $137.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 27th. TheStreet cut shares of Kimberly-Clark from a “b” rating to a “c+” rating in a research note on Tuesday, July 25th. Citigroup dropped their target price on shares of Kimberly-Clark from $130.00 to $126.00 in a research report on Wednesday, July 26th. Finally, StockNews.com initiated coverage on shares of Kimberly-Clark in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $135.33.

Kimberly-Clark Company Profile

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 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.