Vest Financial LLC Buys 27,175 Shares of Kimberly-Clark Corporation $KMB

Vest Financial LLC boosted its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 6.8% in the third quarter, HoldingsChannel reports. The firm owned 429,215 shares of the company’s stock after acquiring an additional 27,175 shares during the period. Vest Financial LLC’s holdings in Kimberly-Clark were worth $53,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Forvis Mazars Wealth Advisors LLC grew its holdings in shares of Kimberly-Clark by 8.5% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 3,658 shares of the company’s stock worth $455,000 after acquiring an additional 288 shares during the period. Joel Isaacson & Co. LLC boosted its position in Kimberly-Clark by 3.9% in the third quarter. Joel Isaacson & Co. LLC now owns 6,407 shares of the company’s stock worth $797,000 after purchasing an additional 242 shares during the last quarter. McAdam LLC grew its stake in shares of Kimberly-Clark by 16.8% during the 3rd quarter. McAdam LLC now owns 2,539 shares of the company’s stock valued at $316,000 after purchasing an additional 366 shares during the period. Inscription Capital LLC bought a new stake in shares of Kimberly-Clark during the 3rd quarter valued at about $931,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at about $103,000. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on KMB. TD Cowen cut their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. BNP Paribas reiterated a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a research report on Monday, December 1st. UBS Group reduced their price target on Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, Barclays set a $102.00 price objective on Kimberly-Clark in a research report on Friday. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.69.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $100.34 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. The business’s 50-day simple moving average is $102.35 and its two-hundred day simple moving average is $116.93. The stock has a market cap of $33.30 billion, a PE ratio of 17.01, a P/E/G ratio of 3.81 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

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.