AE Wealth Management LLC grew its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,078 shares of the company’s stock after purchasing an additional 661 shares during the quarter. AE Wealth Management LLC’s holdings in Kimberly Clark were worth $1,062,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. raised its holdings in Kimberly Clark by 1,426.9% in the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after purchasing an additional 956 shares in the last quarter. Gables Capital Management Inc. bought a new position in shares of Kimberly Clark during the first quarter valued at $115,000. Centerpoint Advisors LLC increased its holdings in shares of Kimberly Clark by 999.0% during the first quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after acquiring an additional 999 shares in the last quarter. Lee Financial Co increased its holdings in shares of Kimberly Clark by 313.8% during the first quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after acquiring an additional 885 shares in the last quarter. Finally, Fort L.P. bought a new position in shares of Kimberly Clark during the second quarter valued at $125,000. 73.86% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Barclays set a $104.00 price target on Kimberly Clark and gave the company a “hold” rating in a report on Monday, October 1st. Atlantic Securities assumed coverage on Kimberly Clark in a report on Thursday, September 20th. They set an “underweight” rating and a $114.00 price target for the company. Bank of America raised their price target on Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Morgan Stanley increased their price objective on Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, August 31st. Four analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $106.43.
In other news, insider Anthony J. Palmer sold 6,445 shares of Kimberly Clark stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the transaction, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Aaron Powell sold 1,100 shares of Kimberly Clark stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the transaction, the insider now directly owns 1,117 shares in the company, valued at $118,357.32. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
NYSE:KMB traded up $1.06 on Friday, hitting $113.45. The stock had a trading volume of 2,222,818 shares, compared to its average volume of 2,347,274. The stock has a market capitalization of $39.51 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 2.57 and a beta of 0.70. The company has a debt-to-equity ratio of 32.28, a quick ratio of 0.49 and a current ratio of 0.76. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. As a group, equities analysts forecast that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were given a $1.00 dividend. The ex-dividend date was Thursday, September 6th. This represents a $4.00 annualized dividend and a yield of 3.53%. Kimberly Clark’s payout ratio is 64.21%.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
Read More: Price to Earnings Ratio (PE) Basics
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