PDS Planning Inc Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

PDS Planning Inc raised its holdings in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 15.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,238 shares of the company’s stock after purchasing an additional 293 shares during the quarter. PDS Planning Inc’s holdings in Kimberly-Clark were worth $302,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Great Lakes Advisors LLC grew its stake in shares of Kimberly-Clark by 1.7% during the 1st quarter. Great Lakes Advisors LLC now owns 4,389 shares of the company’s stock worth $541,000 after acquiring an additional 73 shares during the period. OLD Second National Bank of Aurora boosted its stake in Kimberly-Clark by 12.6% in the 1st quarter. OLD Second National Bank of Aurora now owns 663 shares of the company’s stock worth $81,000 after purchasing an additional 74 shares during the period. Orca Investment Management LLC boosted its stake in Kimberly-Clark by 3.3% in the 1st quarter. Orca Investment Management LLC now owns 2,413 shares of the company’s stock worth $297,000 after purchasing an additional 76 shares during the period. Retirement Planning Co of New England Inc. boosted its stake in Kimberly-Clark by 1.0% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 7,465 shares of the company’s stock worth $919,000 after purchasing an additional 76 shares during the period. Finally, Bank OZK boosted its stake in Kimberly-Clark by 2.3% in the 1st quarter. Bank OZK now owns 3,535 shares of the company’s stock worth $435,000 after purchasing an additional 78 shares during the period. 74.36% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded down $0.02 during trading hours on Thursday, reaching $120.71. 1,252,680 shares of the stock traded hands, compared to its average volume of 1,784,900. The company has a market capitalization of $40.75 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 4.20 and a beta of 0.31. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a 52-week low of $117.32 and a 52-week high of $145.79. The company’s 50-day simple moving average is $130.84 and its two-hundred day simple moving average is $130.19.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 5.64 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be given a dividend of $1.16 per share. The ex-dividend date is Thursday, September 8th. This represents a $4.64 annualized dividend and a yield of 3.84%. Kimberly-Clark’s payout ratio is 87.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on KMB shares. UBS Group raised their target price on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Bank of America assumed coverage on Kimberly-Clark in a research note on Wednesday, September 14th. They issued a “neutral” rating for the company. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $131.15.

Kimberly-Clark Profile

(Get Rating)

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

Further Reading

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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