BCS Private Wealth Management Inc. Acquires New Shares in Kimberly-Clark Corporation $KMB

BCS Private Wealth Management Inc. bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,114 shares of the company’s stock, valued at approximately $2,226,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Kimberly-Clark by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock worth $5,212,942,000 after buying an additional 5,200,011 shares in the last quarter. Norges Bank purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $556,114,000. Federated Hermes Inc. grew its position in shares of Kimberly-Clark by 350.2% in the second quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock valued at $204,105,000 after purchasing an additional 1,231,501 shares during the last quarter. Nuveen LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $106,458,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $91,185,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of analyst reports. Barclays set a $132.00 target price on Kimberly-Clark in a report on Monday, November 3rd. BNP Paribas Exane cut their price target on Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Citigroup decreased their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. UBS Group lifted their price objective on Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $126.00.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $102.89 on Wednesday. The stock has a fifty day moving average price of $111.65 and a 200 day moving average price of $123.94. Kimberly-Clark Corporation has a 52 week low of $99.22 and a 52 week high of $150.45. The firm has a market capitalization of $34.14 billion, a P/E ratio of 17.41, a PEG ratio of 3.76 and a beta of 0.25. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the business earned $1.83 EPS. The firm’s revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

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.