Excalibur Management Corp Grows Stake in Kimberly-Clark Co. (NYSE:KMB)

Excalibur Management Corp lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,588 shares of the company’s stock after purchasing an additional 312 shares during the quarter. Excalibur Management Corp’s holdings in Kimberly-Clark were worth $910,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC boosted its position in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the period. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $28,000. Crewe Advisors LLC acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $27,000. Fortitude Family Office LLC boosted its position in shares of Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after purchasing an additional 250 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $49,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark 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 sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on Thursday, July 25th. The stock was 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 $2,819,207.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The shares were 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 owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $145.67.

Kimberly-Clark Stock Performance

NYSE KMB opened at $144.20 on Tuesday. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30. The company has a market capitalization of $48.57 billion, a P/E ratio of 26.51, a PEG ratio of 3.04 and a beta of 0.39. The business has a 50 day moving average price of $142.28 and a 200 day moving average price of $135.69. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $1.65 EPS. Kimberly-Clark’s quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

Kimberly-Clark Company 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.