Moneta Group Investment Advisors LLC Raises Position in Kimberly Clark Corp (KMB)

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Moneta Group Investment Advisors LLC increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 3,499.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,275 shares of the company’s stock after acquiring an additional 20,684 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Kimberly Clark were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Braun Bostich & Associates Inc. grew its position in Kimberly Clark by 1,426.9% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after purchasing an additional 956 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in Kimberly Clark during the 1st quarter valued at about $115,000. Centerpoint Advisors LLC grew its position in Kimberly Clark by 999.0% during the 1st quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after purchasing an additional 999 shares during the last quarter. Fort L.P. purchased a new stake in Kimberly Clark during the 2nd quarter valued at about $125,000. Finally, Lee Financial Co grew its position in Kimberly Clark by 313.8% during the 1st quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after purchasing an additional 885 shares during the last quarter. Institutional investors own 73.93% of the company’s stock.

Shares of NYSE KMB opened at $116.45 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. The stock has a market cap of $40.44 billion, a PE ratio of 18.69, a P/E/G ratio of 2.63 and a beta of 0.69. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 EPS. equities research analysts forecast that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Thursday, September 6th. Kimberly Clark’s payout ratio is presently 64.21%.

Several brokerages recently commented on KMB. Zacks Investment Research downgraded shares of Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Societe Generale downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating and cut their price objective for the company from $124.00 to $116.00 in a research report on Wednesday, August 15th. Jefferies Financial Group reissued a “hold” rating and set a $96.00 price objective on shares of Kimberly Clark in a research report on Friday, July 13th. Finally, Morgan Stanley began coverage on shares of Kimberly Clark in a research report on Thursday, June 21st. They set an “underweight” rating and a $94.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $106.54.

In other news, insider Aaron Powell sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the sale, the insider now owns 1,117 shares of the company’s stock, valued at approximately $118,357.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the sale, the insider now directly owns 6,122 shares in the company, valued at approximately $718,355.48. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

About Kimberly Clark

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

Further Reading: How Do I Invest in Dividend Stocks

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

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