Isthmus Partners LLC Increases Holdings in Kimberly-Clark Corporation $KMB

Isthmus Partners LLC boosted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 248.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,584 shares of the company’s stock after buying an additional 6,836 shares during the quarter. Isthmus Partners LLC’s holdings in Kimberly-Clark were worth $925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the second quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Bank of America decreased their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company raised their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Barclays lowered their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.14.

Insider Activity

In related news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, 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. In the last three months, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $109.93 on Friday. The stock has a fifty day simple moving average of $101.90 and a 200-day simple moving average of $101.39. 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 stock has a market cap of $36.49 billion, a PE ratio of 17.26, a P/E/G ratio of 4.98 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is presently 80.38%.

Kimberly-Clark Company 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.