11,529 Shares in Kimberly-Clark Corporation $KMB Acquired by Avaii Wealth Management LLC

Key Points

• Avaii Wealth Management acquired 11,529 Kimberly-Clark shares worth approximately $1.27 million in the second quarter. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark’s latest quarterly results fell short of expectations, with adjusted EPS of $1.80 versus the $2.01 consensus and revenue of $4.19 billion versus estimates of $4.22 billion.
• The company declared a quarterly dividend of $1.28 per share, equating to a 4.8% yield and $5.12 annualized payout. Analysts maintain a consensus “Hold” rating with a $117.93 price target.

Avaii Wealth Management LLC acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,529 shares of the company's stock, valued at approximately $1,266,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Kimberly-Clark by 74.1% in 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 grew its stake 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 in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of 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 worth $36,698,000 after purchasing an additional 87,455 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Kimberly-Clark by 11.0% during 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 during the period. Finally, HUB Investment Partners LLC raised its stake in shares of Kimberly-Clark by 20.5% during the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company's stock valued at $1,372,000 after purchasing an additional 1,811 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $107.72 on Wednesday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $136.17. The stock has a market cap of $35.83 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. 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 business has a fifty day simple moving average of $108.45 and a 200-day simple moving average of $103.25.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 EPS. On average, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is currently 87.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. Barclays upped their price target 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. TD Cowen increased their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. UBS Group increased their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company boosted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $117.93.

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.

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