Wesleyan Assurance Society Buys Shares of 24,300 Kimberly Clark Corp (NYSE:KMB)

Wesleyan Assurance Society acquired a new stake in Kimberly Clark Corp (NYSE:KMB) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 24,300 shares of the company’s stock, valued at approximately $3,011,000.

Several other hedge funds have also made changes to their positions in the stock. Shorepoint Capital Partners LLC acquired a new position in Kimberly Clark during the 1st quarter worth approximately $279,000. Blue Chip Partners Inc. grew its holdings in Kimberly Clark by 8.9% during the 1st quarter. Blue Chip Partners Inc. now owns 81,204 shares of the company’s stock worth $10,061,000 after acquiring an additional 6,669 shares in the last quarter. Norges Bank acquired a new position in Kimberly Clark during the 4th quarter worth approximately $337,207,000. Whitener Capital Management Inc. grew its holdings in Kimberly Clark by 45.5% during the 1st quarter. Whitener Capital Management Inc. now owns 7,350 shares of the company’s stock worth $910,000 after acquiring an additional 2,300 shares in the last quarter. Finally, First Allied Advisory Services Inc. grew its holdings in Kimberly Clark by 18.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 20,949 shares of the company’s stock worth $2,591,000 after acquiring an additional 3,243 shares in the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.

In related news, SVP Sandra Macquillan sold 6,774 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total value of $845,869.38. Following the completion of the sale, the senior vice president now owns 15,287 shares in the company, valued at approximately $1,908,887.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas J. Falk sold 303,578 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the completion of the sale, the insider now owns 83,717 shares of the company’s stock, valued at approximately $10,519,878.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 446,313 shares of company stock valued at $56,436,155. 0.85% of the stock is owned by insiders.

KMB has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a report on Monday, April 15th. Wells Fargo & Co boosted their price target on shares of Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Macquarie upgraded shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $102.00 to $142.00 in a report on Tuesday, April 23rd. Finally, Argus upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $124.18.

Shares of NYSE:KMB opened at $133.28 on Friday. The stock has a market cap of $46.04 billion, a P/E ratio of 20.16, a PEG ratio of 3.87 and a beta of 0.57. The company has a quick ratio of 0.47, a current ratio of 0.73 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a twelve month low of $100.32 and a twelve month high of $138.98. The business’s 50 day moving average is $132.35.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.12. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. As a group, equities research analysts expect that Kimberly Clark Corp will post 6.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 annualized dividend and a yield of 3.09%. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.

About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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

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