Waverly Advisors LLC Has $3.40 Million Stock Position in Kimberly-Clark Corporation $KMB

Waverly Advisors LLC lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 17.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,992 shares of the company’s stock after selling 6,721 shares during the period. Waverly Advisors LLC’s holdings in Kimberly-Clark were worth $3,402,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KMB. Brighton Jones LLC grew its position in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Kimberly-Clark by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after purchasing an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its stake in Kimberly-Clark by 44.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after purchasing an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in Kimberly-Clark by 11.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after purchasing an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC grew its holdings in Kimberly-Clark by 20.5% during the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after purchasing an additional 1,811 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $98.15 on Friday. The firm has a market cap of $32.64 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 4.12 and a beta of 0.25. The business’s 50 day moving average is $108.69 and its 200-day moving average is $103.44. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $129.87.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share. Equities research analysts predict that Kimberly-Clark Corporation will post 7.42 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio is 87.07%.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMB. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. UBS Group lifted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Barclays upped their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $117.36.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.