TD Private Client Wealth LLC Grows Position in Kimberly-Clark Corporation $KMB

TD Private Client Wealth LLC boosted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 62.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 25,427 shares of the company’s stock after acquiring an additional 9,776 shares during the period. TD Private Client Wealth LLC’s holdings in Kimberly-Clark were worth $3,162,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 14.8% during the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after purchasing an additional 5,200,011 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock worth $1,480,344,000 after purchasing an additional 218,644 shares during the last quarter. Geode Capital Management LLC grew its position in Kimberly-Clark by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock worth $1,065,423,000 after purchasing an additional 363,865 shares during the period. Invesco Ltd. raised its stake in Kimberly-Clark by 4.6% during the 2nd quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock valued at $786,128,000 after buying an additional 270,134 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at $556,114,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMB. Evercore ISI reiterated an “in-line” rating and set a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. BNP Paribas Exane dropped their price objective on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $122.31.

Kimberly-Clark Stock Up 0.5%

KMB stock opened at $98.73 on Wednesday. The business’s 50-day moving average price is $102.57 and its 200-day moving average price is $118.04. The stock has a market cap of $32.77 billion, a P/E ratio of 16.71, a PEG ratio of 3.77 and a beta of 0.26. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its 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. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the business earned $1.83 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 5.1%. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

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.