Beverly Hills Private Wealth LLC Has $423,000 Holdings in Kimberly-Clark Co. $KMB

Beverly Hills Private Wealth LLC boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,281 shares of the company’s stock after buying an additional 251 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Kimberly-Clark were worth $423,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at about $25,000. First Pacific Financial acquired a new stake in shares of Kimberly-Clark during the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark during the first quarter valued at about $36,000. Finally, Rossby Financial LCC acquired a new stake in shares of Kimberly-Clark during the first quarter valued at about $37,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent research reports. Barclays cut their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Evercore ISI cut their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, UBS Group cut their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $120.70 on Tuesday. The stock’s 50 day moving average is $126.38 and its 200 day moving average is $131.08. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $40.05 billion, a P/E ratio of 15.99, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a one year low of $118.18 and a one year high of $150.45.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s payout ratio is presently 69.42%.

About Kimberly-Clark

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.