Cerity Partners LLC Has $34.99 Million Holdings in Kimberly-Clark Corporation $KMB

Cerity Partners LLC boosted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 12.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,436 shares of the company’s stock after buying an additional 31,852 shares during the period. Cerity Partners LLC owned approximately 0.08% of Kimberly-Clark worth $34,994,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMB. Code Waechter LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $205,000. Kathmere Capital Management LLC lifted its stake in Kimberly-Clark by 15.2% during the third quarter. Kathmere Capital Management LLC now owns 5,845 shares of the company’s stock worth $727,000 after purchasing an additional 770 shares during the last quarter. Spirepoint Private Client LLC boosted its holdings in shares of Kimberly-Clark by 4.2% in the 3rd quarter. Spirepoint Private Client LLC now owns 3,204 shares of the company’s stock valued at $398,000 after purchasing an additional 129 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Kimberly-Clark by 1.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 26,878 shares of the company’s stock valued at $3,342,000 after purchasing an additional 350 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Kimberly-Clark by 19.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 376,959 shares of the company’s stock valued at $46,871,000 after purchasing an additional 60,805 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KMB shares. Cowen restated a “hold” rating on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Piper Sandler dropped their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. UBS Group lifted their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. BNP Paribas Exane lowered their price objective on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $122.31.

Kimberly-Clark Trading Up 1.3%

Shares of NASDAQ KMB opened at $98.87 on Friday. The firm has a 50 day moving average price of $103.13 and a two-hundred day moving average price of $118.82. The stock has a market cap of $32.81 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 3.74 and a beta of 0.26. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 10.89% and a return on equity of 183.11%. Kimberly-Clark’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 85.28%.

Kimberly-Clark 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.