Advisory Services Network LLC Raises Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Advisory Services Network LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,757 shares of the company’s stock after purchasing an additional 316 shares during the period. Advisory Services Network LLC’s holdings in Kimberly-Clark were worth $2,309,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Verity Asset Management Inc. purchased a new position in Kimberly-Clark in the first quarter worth about $91,000. Neuberger Berman Group LLC grew its position in Kimberly-Clark by 245.3% in the first quarter. Neuberger Berman Group LLC now owns 631,829 shares of the company’s stock worth $77,801,000 after acquiring an additional 448,852 shares in the last quarter. Toroso Investments LLC grew its position in Kimberly-Clark by 59.4% in the first quarter. Toroso Investments LLC now owns 9,674 shares of the company’s stock worth $1,191,000 after acquiring an additional 3,604 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Kimberly-Clark by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 2,858 shares of the company’s stock worth $379,000 after purchasing an additional 164 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Kimberly-Clark by 9.5% in the first quarter. Capital Research Global Investors now owns 12,228,266 shares of the company’s stock worth $1,506,033,000 after purchasing an additional 1,056,127 shares during the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $122.02 on Friday. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 4.20 and a beta of 0.31. The company’s 50 day moving average is $131.66 and its 200 day moving average is $130.36. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a 52-week low of $117.32 and a 52-week high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). The business had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 5.64 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.80%. The ex-dividend date is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio is currently 87.71%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America assumed coverage on shares of Kimberly-Clark in a research note on Wednesday. They issued a “neutral” rating for the company. Barclays decreased their price objective on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Finally, UBS Group lifted their price target on shares of Kimberly-Clark from $136.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $131.15.

Kimberly-Clark Profile

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

See Also

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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