NewEdge Advisors LLC Raises Stock Position in Kimberly-Clark Co. (NYSE:KMB)

NewEdge Advisors LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,088 shares of the company’s stock after buying an additional 357 shares during the period. NewEdge Advisors LLC’s holdings in Kimberly-Clark were worth $5,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC increased its position in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Crewe Advisors LLC purchased a new position in Kimberly-Clark in the first quarter worth about $27,000. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $32,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after purchasing an additional 250 shares during the period. 76.29% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KMB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, July 24th. BNP Paribas began coverage on Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $142.44 on Wednesday. The firm has a market cap of $47.96 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.00 and a beta of 0.39. The firm has a fifty day moving average price of $142.26 and a 200 day moving average price of $136.96. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business’s revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Kimberly-Clark Company 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.