Waverly Advisors LLC Sells 6,721 Shares of Kimberly-Clark Corporation $KMB

Waverly Advisors LLC lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 17.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,992 shares of the company’s stock after selling 6,721 shares during the quarter. Waverly Advisors LLC’s holdings in Kimberly-Clark were worth $3,402,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group upped their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. TD Cowen lifted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $117.36.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $98.15 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The stock has a market cap of $32.64 billion, a PE ratio of 16.69, a P/E/G ratio of 4.12 and a beta of 0.25. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $129.87. The business’s 50-day moving average price is $108.69 and its two-hundred day moving average price is $103.44.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm’s revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.92 EPS. As a group, analysts expect that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.