Sequoia Financial Advisors LLC Grows Stock Holdings in Kimberly-Clark Corporation $KMB

Sequoia Financial Advisors LLC lifted its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,785 shares of the company’s stock after acquiring an additional 6,934 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kimberly-Clark were worth $6,057,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Brighton Jones LLC boosted its position in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares during the period. The Manufacturers Life Insurance Company raised its position in Kimberly-Clark by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after purchasing an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after purchasing an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC boosted its position in shares of Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after buying an additional 326 shares during the period. Finally, HUB Investment Partners LLC boosted its position in shares of Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after buying an additional 1,811 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays dropped their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. UBS Group increased their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $116.14.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $112.41 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46. The business has a 50 day moving average price of $102.23 and a two-hundred day moving average price of $101.48. The firm has a market cap of $37.31 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 5.04 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.Kimberly-Clark’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 EPS. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s dividend payout ratio is 80.38%.

Insiders Place Their Bets

In other news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,096 shares of company stock worth $689,687 over the last quarter. 0.75% of the stock is currently owned by insiders.

About Kimberly-Clark

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.