Bell Bank Increases Position in Kimberly-Clark Corporation $KMB

Bell Bank lifted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,524 shares of the company’s stock after buying an additional 5,166 shares during the quarter. Bell Bank’s holdings in Kimberly-Clark were worth $6,655,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. purchased a new stake in Kimberly-Clark in the second quarter worth $25,000. Princeton Global Asset Management LLC grew its holdings in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the last quarter. Winnow Wealth LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at about $27,000. Finally, True Wealth Design LLC boosted its position in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.5%

KMB opened at $101.40 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The firm has a market cap of $33.65 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 3.87 and a beta of 0.25. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45. The stock has a fifty day moving average price of $104.85 and a 200-day moving average price of $119.66.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. As a group, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s payout ratio is 85.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. UBS Group raised their target price on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Morgan Stanley lowered their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Piper Sandler cut their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $124.62.

Kimberly-Clark Company Profile

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.