Kimberly-Clark Co. $KMB Shares Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC raised its stake in Kimberly-Clark Co. (NYSE:KMB) by 32.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,801 shares of the company’s stock after buying an additional 682 shares during the period. Pure Financial Advisors LLC’s holdings in Kimberly-Clark were worth $361,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Pacific Financial purchased a new stake in Kimberly-Clark in the 1st quarter valued at $26,000. Financial Network Wealth Advisors LLC grew its holdings in Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Kimberly-Clark in the 2nd quarter valued at $25,000. Elequin Capital LP purchased a new stake in Kimberly-Clark in the 1st quarter valued at $36,000. Finally, AlphaCore Capital LLC purchased a new stake in Kimberly-Clark in the 1st quarter valued at $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB opened at $122.58 on Friday. The stock’s 50-day moving average price is $128.85 and its 200 day moving average price is $132.73. Kimberly-Clark Co. has a 12-month low of $121.02 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market cap of $40.67 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the company earned $1.96 EPS. Kimberly-Clark’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.1%. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI dropped their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Barclays lowered their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, UBS Group lowered their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.50.

Kimberly-Clark Profile

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