Private Advisor Group LLC Grows Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Private Advisor Group LLC raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,175 shares of the company’s stock after buying an additional 928 shares during the period. Private Advisor Group LLC’s holdings in Kimberly-Clark were worth $5,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Eastern Bank lifted its position in shares of Kimberly-Clark by 230.0% in the 3rd quarter. Eastern Bank now owns 10,640 shares of the company’s stock worth $1,514,000 after purchasing an additional 7,416 shares during the period. My Legacy Advisors LLC lifted its position in shares of Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after purchasing an additional 76 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Kimberly-Clark by 7.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 49,232 shares of the company’s stock worth $7,005,000 after purchasing an additional 3,548 shares during the period. Home Federal Bank of Tennessee lifted its position in shares of Kimberly-Clark by 2.3% in the 3rd quarter. Home Federal Bank of Tennessee now owns 10,920 shares of the company’s stock worth $1,554,000 after purchasing an additional 250 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in shares of Kimberly-Clark by 7.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,643 shares of the company’s stock worth $1,087,000 after purchasing an additional 520 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 1.1 %

NYSE:KMB opened at $135.52 on Friday. The firm has a market capitalization of $45.63 billion, a P/E ratio of 17.58, a PEG ratio of 2.89 and a beta of 0.39. Kimberly-Clark Co. has a 1-year low of $116.63 and a 1-year high of $149.30. The company’s fifty day moving average price is $142.94 and its 200-day moving average price is $138.71. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 earnings per share. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.60%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Analysts Set New Price Targets

A number of research firms recently commented on KMB. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Barclays increased their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $149.93.

Insider Activity at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. 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.