Kimberly-Clark Co. (NYSE:KMB) Stake Boosted by Wedmont Private Capital

Wedmont Private Capital increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 11.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,993 shares of the company’s stock after buying an additional 611 shares during the quarter. Wedmont Private Capital’s holdings in Kimberly-Clark were worth $844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional boosted its holdings in Kimberly-Clark by 1.2% during the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after acquiring an additional 71 shares during the period. Capital Investment Counsel Inc grew its holdings in shares of Kimberly-Clark by 0.8% in the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after buying an additional 75 shares during the period. Connecticut Wealth Management LLC boosted its stake in Kimberly-Clark by 4.6% in the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after purchasing an additional 77 shares during the period. Equitable Trust Co. lifted its position in Kimberly-Clark by 0.9% during the 2nd quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock worth $1,253,000 after buying an additional 80 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its position in Kimberly-Clark by 1.6% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after buying an additional 81 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

KMB opened at $141.06 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The company has a market cap of $47.51 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.98 and a beta of 0.39. The company’s 50 day moving average is $142.50 and its 200 day moving average is $137.57. Kimberly-Clark Co. has a 12-month low of $116.63 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 EPS. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s payout ratio is presently 72.30%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen began coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday. Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price target for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $146.00.

Kimberly-Clark 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.