Lynch & Associates IN Grows Position in Kimberly-Clark Co. (NYSE:KMB)

Lynch & Associates IN increased its position in Kimberly-Clark Co. (NYSE:KMB) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,380 shares of the company’s stock after purchasing an additional 680 shares during the period. Lynch & Associates IN’s holdings in Kimberly-Clark were worth $2,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Kerusso Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $2,666,000. Custom Index Systems LLC boosted its stake in Kimberly-Clark by 22.8% during the second quarter. Custom Index Systems LLC now owns 5,270 shares of the company’s stock worth $728,000 after acquiring an additional 979 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Kimberly-Clark by 32.1% during the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after acquiring an additional 330,327 shares in the last quarter. Chris Bulman Inc purchased a new stake in Kimberly-Clark in the second quarter worth about $85,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $32,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays dropped their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Wells Fargo & Company reduced their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Finally, BNP Paribas started coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Up 0.1 %

KMB opened at $146.91 on Friday. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a 50 day moving average price of $141.51 and a 200-day moving average price of $134.61. The stock has a market capitalization of $49.47 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 3.07 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. Equities research analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Profile

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.