15,993 Shares in Kimberly-Clark Corporation $KMB Acquired by Advisors Preferred LLC

Advisors Preferred LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,993 shares of the company's stock, valued at approximately $1,835,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC purchased a new stake in Kimberly-Clark during the 2nd quarter worth $27,204,000. Vise Technologies Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter worth about $1,374,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $3,894,000. Bell & Brown Wealth Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $2,224,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Kimberly-Clark during the 2nd quarter worth approximately $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMB has been the topic of a number of recent analyst reports. Barclays boosted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. Freedom Capital upgraded Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. TD Cowen increased their target price on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $108.69 on Friday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $134.38. The business's fifty day moving average price is $108.75 and its 200 day moving average price is $103.39. The stock has a market capitalization of $36.15 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 5.23 and a beta of 0.26.

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). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the company posted $1.92 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark's dividend payout ratio (DPR) is currently 87.07%.

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.

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