Horizons Wealth Management Acquires Shares of 232 Kimberly-Clark Co. (NYSE:KMB)

Horizons Wealth Management acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 232 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Moneta Group Investment Advisors LLC boosted its stake in shares of Kimberly-Clark by 123,302.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock worth $601,394,000 after buying an additional 4,426,568 shares during the last quarter. Cowa LLC purchased a new stake in shares of Kimberly-Clark in the first quarter worth about $54,000. Norges Bank purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth about $441,478,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Kimberly-Clark by 20.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,628,171 shares of the company’s stock worth $1,307,025,000 after buying an additional 1,643,311 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kimberly-Clark by 11.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,095,043 shares of the company’s stock worth $963,152,000 after buying an additional 715,624 shares during the last quarter. 74.38% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.2 %

Shares of KMB opened at $125.29 on Thursday. Kimberly-Clark Co. has a 52-week low of $108.74 and a 52-week high of $147.87. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 12.21. The firm’s fifty day moving average is $130.10 and its two-hundred day moving average is $133.81. The stock has a market cap of $42.37 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.43 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. The company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.13 billion. Kimberly-Clark had a net margin of 8.07% and a return on equity of 303.40%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. Research analysts forecast that Kimberly-Clark Co. will post 6.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $1.18 dividend. The ex-dividend date is Thursday, September 7th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.77%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 97.32%.

Insider Activity

In other news, insider Sandra R. Karrmann sold 5,122 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the completion of the sale, the insider now directly owns 6,228 shares in the company, valued at $808,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Sandra R. Karrmann sold 5,122 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total transaction of $664,835.60. Following the completion of the sale, the insider now directly owns 6,228 shares in the company, valued at $808,394.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 4,423 shares of Kimberly-Clark stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total value of $576,007.29. Following the completion of the sale, the insider now owns 28,169 shares in the company, valued at approximately $3,668,448.87. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent research reports. Bank of America lowered their target price on Kimberly-Clark from $145.00 to $138.00 in a research note on Wednesday, July 26th. TheStreet lowered Kimberly-Clark from a “b” rating to a “c+” rating in a research note on Tuesday, July 25th. Barclays increased their price target on Kimberly-Clark from $137.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Citigroup reduced their target price on Kimberly-Clark from $130.00 to $126.00 in a research note on Wednesday, July 26th. Finally, StockNews.com started coverage on Kimberly-Clark in a research note on Thursday, August 17th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $135.33.

Kimberly-Clark Profile

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 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.