HB Wealth Management LLC decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,134 shares of the company's stock after selling 537 shares during the period. HB Wealth Management LLC's holdings in Kimberly-Clark were worth $1,370,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bivin & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $26,000. HWG Holdings LP acquired a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $29,000. Roble Belko & Company Inc grew its holdings in shares of Kimberly-Clark by 69.5% in the 1st quarter. Roble Belko & Company Inc now owns 256 shares of the company's stock worth $32,000 after acquiring an additional 105 shares during the period. West Oak Capital LLC grew its holdings in shares of Kimberly-Clark by 50.0% in the 2nd quarter. West Oak Capital LLC now owns 240 shares of the company's stock worth $32,000 after acquiring an additional 80 shares during the period. Finally, DeDora Capital Inc. acquired a new stake in shares of Kimberly-Clark in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 74.36% of the company's stock.
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Wall Street Analyst Weigh In
KMB has been the topic of a number of research reports. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Friday, July 22nd. Bank of America assumed coverage on Kimberly-Clark in a research note on Wednesday, September 14th. They issued a "neutral" rating on the stock. Finally, UBS Group upped their target price on Kimberly-Clark from $136.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of "Hold" and an average target price of $131.15.
Kimberly-Clark Trading Down 0.3 %
Shares of Kimberly-Clark stock opened at $120.29 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.32 and a fifty-two week high of $145.79. The firm has a market cap of $40.61 billion, a PE ratio of 22.74, a P/E/G ratio of 4.16 and a beta of 0.31. The business's fifty day moving average is $130.26 and its two-hundred day moving average is $130.17. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37.
Kimberly-Clark (NYSE:KMB – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The business had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the prior year, the company earned $1.47 EPS. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Co. will post 5.64 earnings per share for the current year.
Kimberly-Clark Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be issued a dividend of $1.16 per share. The ex-dividend date is Thursday, September 8th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.86%. Kimberly-Clark's payout ratio is 87.71%.
About Kimberly-Clark
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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.
Further Reading
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