Kimberly-Clark Corporation $KMB Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 30.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,233 shares of the company’s stock after purchasing an additional 6,417 shares during the period. Dakota Wealth Management’s holdings in Kimberly-Clark were worth $3,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Empirical Finance LLC boosted its stake in shares of Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after buying an additional 76 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in Kimberly-Clark by 3.7% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after acquiring an additional 78 shares during the last quarter. Monarch Capital Management Inc. lifted its position in Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after acquiring an additional 81 shares during the period. Deseret Mutual Benefit Administrators grew its stake in shares of Kimberly-Clark by 3.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after purchasing an additional 87 shares during the last quarter. Finally, Good Life Advisors LLC grew its stake in shares of Kimberly-Clark by 5.6% in the 2nd quarter. Good Life Advisors LLC now owns 1,676 shares of the company’s stock valued at $216,000 after purchasing an additional 89 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Up 0.5%

Shares of NASDAQ KMB opened at $111.11 on Wednesday. The stock has a market capitalization of $36.88 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 3.97 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 firm has a 50-day moving average price of $102.38 and a 200 day moving average price of $112.52. The company has a quick ratio of 0.54, a current ratio of 0.75 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 analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the company posted $1.50 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s payout ratio is presently 83.03%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KMB. UBS Group increased their price target on Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Zacks Research upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a research note on Tuesday, February 17th. Barclays set a $102.00 price target on shares of Kimberly-Clark in a report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $119.00.

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.