Kimberly-Clark Corporation $KMB Shares Purchased by Orion Porfolio Solutions LLC

by · The Markets Daily

Orion Porfolio Solutions LLC lifted its stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 40.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,567 shares of the company’s stock after acquiring an additional 5,648 shares during the period. Orion Porfolio Solutions LLC’s holdings in Kimberly-Clark were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MASTERINVEST Kapitalanlage GmbH bought a new stake in Kimberly-Clark during the second quarter worth approximately $1,486,000. Fulcrum Equity Management bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth $214,000. Cim Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 99.6% in the second quarter. Cim Investment Management Inc. now owns 10,918 shares of the company’s stock valued at $1,419,000 after buying an additional 5,448 shares during the period. Thompson Davis & CO. Inc. bought a new position in Kimberly-Clark during the second quarter valued at about $1,768,000. Finally, Monarch Capital Management Inc. grew its holdings in Kimberly-Clark by 1.9% during the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after acquiring an additional 81 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KMB shares. BNP Paribas Exane cut their price target on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Evercore ISI reissued an “in-line” rating and set a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. UBS Group lifted their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Morgan Stanley dropped their price target on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Finally, Barclays set a $132.00 price objective on Kimberly-Clark in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $124.62.

Read Our Latest Stock Analysis on KMB

Kimberly-Clark Price Performance

KMB opened at $101.51 on Friday. The firm has a market capitalization of $33.69 billion, a P/E ratio of 17.18, a PEG ratio of 3.85 and a beta of 0.25. The stock has a fifty day moving average of $109.03 and a 200-day moving average of $122.25. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 12-month low of $99.22 and a 12-month high of $150.45.

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

Kimberly-Clark Announces Dividend

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

Kimberly-Clark Profile

(Free Report)

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.

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