Providence Capital Advisors LLC Boosts Stock Holdings in Kimberly Clark Corp (NYSE:KMB)

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Providence Capital Advisors LLC lifted its position in Kimberly Clark Corp (NYSE:KMB) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,517 shares of the company’s stock after purchasing an additional 196 shares during the period. Providence Capital Advisors LLC’s holdings in Kimberly Clark were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp raised its position in Kimberly Clark by 0.8% during the second quarter. Northern Trust Corp now owns 5,137,463 shares of the company’s stock worth $684,720,000 after acquiring an additional 42,045 shares during the period. Wells Fargo & Company MN raised its position in shares of Kimberly Clark by 8.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,438,115 shares of the company’s stock worth $591,513,000 after purchasing an additional 331,708 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of Kimberly Clark by 13.5% during the 1st quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock worth $513,726,000 after purchasing an additional 492,289 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kimberly Clark by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after buying an additional 308,810 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Kimberly Clark by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,002,671 shares of the company’s stock valued at $400,196,000 after buying an additional 23,611 shares in the last quarter. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the completion of the sale, the senior vice president now owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP J. Scott Boston sold 4,834 shares of Kimberly Clark stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $136.26, for a total value of $658,680.84. Following the completion of the sale, the senior vice president now owns 11,901 shares in the company, valued at approximately $1,621,630.26. The disclosure for this sale can be found here. Insiders have sold 44,584 shares of company stock worth $6,242,483 over the last ninety days. 0.85% of the stock is owned by insiders.

KMB has been the subject of several research reports. ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co restated a “hold” rating and issued a $130.00 target price on shares of Kimberly Clark in a research report on Tuesday, July 23rd. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research note on Thursday, August 22nd. Atlantic Securities upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $130.20.

Kimberly Clark stock traded up $0.76 during trading on Wednesday, reaching $131.91. 2,582,375 shares of the company were exchanged, compared to its average volume of 1,531,940. The stock’s 50 day simple moving average is $138.59 and its two-hundred day simple moving average is $130.43. The company has a market capitalization of $45.86 billion, a P/E ratio of 19.96, a PEG ratio of 3.57 and a beta of 0.54. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. Kimberly Clark Corp has a 52-week low of $100.32 and a 52-week high of $143.16.

Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The company had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the business earned $1.59 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts forecast that Kimberly Clark Corp will post 6.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s payout ratio is currently 62.33%.

About Kimberly Clark

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

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

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