Kimberly-Clark Corporation $KMB Stake Lifted by Money Concepts Capital Corp

Money Concepts Capital Corp raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 12.2% during the third quarter, HoldingsChannel reports. The firm owned 74,671 shares of the company’s stock after purchasing an additional 8,097 shares during the period. Money Concepts Capital Corp’s holdings in Kimberly-Clark were worth $7,275,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $3,547,915,000. Bank of America Corp DE increased its holdings in Kimberly-Clark by 3.3% during the second quarter. Bank of America Corp DE now owns 6,881,641 shares of the company’s stock valued at $755,398,000 after buying an additional 219,742 shares during the period. Thornburg Investment Management Inc. purchased a new position in Kimberly-Clark during the second quarter valued at approximately $632,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kimberly-Clark by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,116,768 shares of the company’s stock valued at $342,128,000 after buying an additional 249,832 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Kimberly-Clark in the second quarter worth approximately $239,612,000. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KMB shares. TD Cowen reduced their price objective on shares of Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating for the company in a research note on Tuesday, October 13th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Deutsche Bank lifted their price target on Kimberly-Clark from $106.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, November 6th. Finally, DA Davidson boosted their price target on Kimberly-Clark from $106.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $112.71.

Kimberly-Clark Trading Down 1.5%

Kimberly-Clark stock opened at $107.19 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. The stock has a market cap of $35.65 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 6.07 and a beta of 0.25. The stock has a 50-day moving average of $102.68 and a two-hundred day moving average of $103.39. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $116.82.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a return on equity of 114.93% and a net margin of 19.93%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark Corporation will post 6.93 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Friday, December 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, December 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.8%. Kimberly-Clark’s dividend payout ratio (DPR) is 51.66%.

About Kimberly-Clark

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.