Wealthfront Advisers LLC Has $11.11 Million Stock Position in Kimberly-Clark Corporation $KMB

Wealthfront Advisers LLC lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 90.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,311 shares of the company’s stock after purchasing an additional 42,419 shares during the period. Wealthfront Advisers LLC’s holdings in Kimberly-Clark were worth $11,105,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Johnson Investment Counsel Inc. lifted its holdings in Kimberly-Clark by 7.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 13,167 shares of the company’s stock worth $1,637,000 after buying an additional 869 shares during the period. ProShare Advisors LLC raised its position in shares of Kimberly-Clark by 9.9% during the third quarter. ProShare Advisors LLC now owns 1,373,295 shares of the company’s stock worth $170,756,000 after acquiring an additional 123,369 shares during the last quarter. Nuance Investments LLC raised its position in shares of Kimberly-Clark by 37.2% during the third quarter. Nuance Investments LLC now owns 204,977 shares of the company’s stock worth $25,487,000 after acquiring an additional 55,593 shares during the last quarter. Ipsen Advisor Group LLC bought a new stake in Kimberly-Clark in the third quarter valued at approximately $205,000. Finally, Lantz Financial LLC boosted its holdings in Kimberly-Clark by 36.9% in the third quarter. Lantz Financial LLC now owns 2,566 shares of the company’s stock valued at $319,000 after acquiring an additional 692 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMB. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Royal Bank Of Canada reissued an “overweight” rating and set a $162.00 target price on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Zacks Research raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. TD Cowen lowered their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Finally, Citigroup dropped their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $118.58.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $105.88 on Wednesday. The firm’s 50-day moving average price is $101.23 and its 200-day moving average price is $114.08. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45. The firm has a market capitalization of $35.14 billion, a P/E ratio of 17.44, a P/E/G ratio of 4.11 and a beta of 0.26. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the business posted $1.50 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. Kimberly-Clark’s payout ratio is currently 83.03%.

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.