Private Advisor Group LLC lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,183 shares of the company’s stock after purchasing an additional 2,036 shares during the quarter. Private Advisor Group LLC’s holdings in Kimberly-Clark were worth $4,646,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Annapolis Financial Services LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $28,000. Fiduciary Alliance LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $29,000. Barrett & Company Inc. raised its position in shares of Kimberly-Clark by 1,333.3% during the second quarter. Barrett & Company Inc. now owns 215 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Horizons Wealth Management acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $32,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the first quarter worth about $38,000. Institutional investors and hedge funds own 74.38% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on KMB shares. Citigroup decreased their price objective on Kimberly-Clark from $126.00 to $111.00 and set a “sell” rating for the company in a report on Wednesday, October 11th. The Goldman Sachs Group decreased their price objective on Kimberly-Clark from $147.00 to $132.00 and set a “neutral” rating for the company in a report on Tuesday, October 10th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. TheStreet downgraded Kimberly-Clark from a “b” rating to a “c+” rating in a report on Tuesday, July 25th. Finally, HSBC started coverage on Kimberly-Clark in a report on Friday, September 22nd. They set a “hold” rating and a $133.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $131.93.
Kimberly-Clark Stock Performance
KMB opened at $121.20 on Friday. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $147.87. The stock has a market cap of $40.96 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.23 and a beta of 0.38. The business has a 50 day moving average of $121.58 and a 200-day moving average of $129.99. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 8.81.
Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. Kimberly-Clark had a return on equity of 292.92% and a net margin of 8.63%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the firm posted $1.40 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Co. will post 6.59 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be issued a dividend of $1.18 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $4.72 annualized dividend and a yield of 3.89%. Kimberly-Clark’s payout ratio is currently 90.77%.
Insider Buying and Selling
In related news, insider Zackery A. Hicks sold 3,020 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $119.43, for a total transaction of $360,678.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kimberly-Clark news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction 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 transaction, the insider now directly owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Zackery A. Hicks sold 3,020 shares of Kimberly-Clark stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $119.43, for a total value of $360,678.60. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.
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.
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