Williams Jones Wealth Management LLC. Buys 3,632 Shares of Kimberly-Clark Co. (NYSE:KMB)

Williams Jones Wealth Management LLC. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 35.1% during the 1st quarter, HoldingsChannel reports. The firm owned 13,982 shares of the company’s stock after purchasing an additional 3,632 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Kimberly-Clark were worth $1,722,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bivin & Associates Inc. bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $26,000. HWG Holdings LP bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $29,000. Quent Capital LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $37,000. Roble Belko & Company Inc lifted its holdings in shares of Kimberly-Clark by 69.5% during the 1st quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock valued at $32,000 after purchasing an additional 105 shares in the last quarter. Finally, Selective Wealth Management Inc. lifted its holdings in shares of Kimberly-Clark by 60.5% during the 1st quarter. Selective Wealth Management Inc. now owns 268 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 74.36% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent research reports. UBS Group upped their price target on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Finally, Barclays decreased their price target on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $131.15.

Kimberly-Clark Trading Up 1.1 %

NYSE KMB opened at $126.84 on Monday. The company has a market cap of $42.82 billion, a PE ratio of 23.98, a PEG ratio of 4.50 and a beta of 0.31. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a 12 month low of $117.32 and a 12 month high of $145.79. The stock has a 50 day moving average of $132.93 and a 200-day moving average of $130.61.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business earned $1.47 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 5.64 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio is 87.71%.

Kimberly-Clark Profile

(Get Rating)

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 Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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

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