Kimberly-Clark Corporation $KMB Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,783 shares of the company’s stock after acquiring an additional 6,100 shares during the period. Kestra Private Wealth Services LLC’s holdings in Kimberly-Clark were worth $3,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KMB. Cardinal Point Capital Management ULC acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $406,000. Ritholtz Wealth Management acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at $221,000. Breakwater Capital Group purchased a new stake in Kimberly-Clark during the first quarter worth $287,000. Fifth Third Wealth Advisors LLC grew its position in Kimberly-Clark by 65.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 11,016 shares of the company’s stock valued at $1,063,000 after buying an additional 4,374 shares during the period. Finally, Brown Lisle Cummings Inc. grew its position in Kimberly-Clark by 52.6% during the first quarter. Brown Lisle Cummings Inc. now owns 8,885 shares of the company’s stock valued at $857,000 after buying an additional 3,064 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 1.2%

KMB opened at $109.37 on Friday. The company has a market cap of $36.30 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 4.90 and a beta of 0.28. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.46. The company has a 50-day moving average price of $99.34 and a 200 day moving average price of $100.79. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.Kimberly-Clark’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 EPS. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.

Insiders Place Their Bets

In other news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock worth $689,687 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KMB. UBS Group upped their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Bank of America reduced their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.43.

About Kimberly-Clark

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.