20,256 Shares in Kimberly-Clark Corporation $KMB Acquired by Bell & Brown Wealth Advisors LLC

Key Points

• Bell & Brown Wealth Advisors acquired 20,256 Kimberly-Clark shares worth approximately $2.224 million, while institutional investors collectively own 76.29% of the company.
• Analysts remain cautious: Kimberly-Clark has an average “Hold” rating and a $117.93 consensus price target, despite some recent upgrades and higher target prices.
• The company missed quarterly expectations, reporting $1.80 in adjusted earnings per share versus a $2.01 consensus estimate and $4.19 billion in revenue. Kimberly-Clark also declared a quarterly dividend of $1.28 per share, representing a 4.7% annualized yield.

Bell & Brown Wealth Advisors LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,256 shares of the company's stock, valued at approximately $2,224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company's stock worth $4,121,027,000 after acquiring an additional 315,981 shares in the last quarter. BlackRock Inc. bought a new stake in Kimberly-Clark in the second quarter worth $3,547,915,000. State Street Corp increased its position in Kimberly-Clark by 1.4% in the fourth quarter. State Street Corp now owns 21,125,118 shares of the company's stock worth $2,157,746,000 after purchasing an additional 294,228 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company's stock valued at $1,202,322,000 after purchasing an additional 299,382 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company's stock valued at $836,216,000 after purchasing an additional 65,619 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KMB shares. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. UBS Group increased their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. TD Cowen increased their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Finally, Barclays upped their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and an average price target of $117.93.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $109.88 on Thursday. The company has a fifty day moving average of $108.61 and a two-hundred day moving average of $103.33. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $136.17. The stock has a market capitalization of $36.54 billion, a PE ratio of 18.69, a P/E/G ratio of 5.13 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.92 EPS. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share 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 given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark's payout ratio is presently 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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