Wealthfront Advisers LLC Has $11.11 Million Holdings in Kimberly-Clark Corporation $KMB

Wealthfront Advisers LLC boosted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 90.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 89,311 shares of the company’s stock after purchasing an additional 42,419 shares during the quarter. Wealthfront Advisers LLC’s holdings in Kimberly-Clark were worth $11,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after buying an additional 5,200,011 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kimberly-Clark by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock valued at $1,480,344,000 after acquiring an additional 218,644 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Kimberly-Clark by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock worth $1,065,423,000 after acquiring an additional 363,865 shares during the last quarter. Invesco Ltd. grew its stake in shares of Kimberly-Clark by 4.6% in the 2nd quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock worth $786,128,000 after acquiring an additional 270,134 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $556,114,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $105.88 on Wednesday. The business’s 50 day simple moving average is $101.23 and its 200 day simple moving average is $114.08. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $150.45. The company has a market cap of $35.14 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 4.11 and a beta of 0.26. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.28 dividend. The ex-dividend date is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 4.8%. Kimberly-Clark’s dividend payout ratio is 83.03%.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on KMB shares. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, November 13th. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Evercore reissued an “in-line” rating and issued a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $118.58.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.