Allen Wealth Management LLC Makes New Investment in Kimberly-Clark Corporation $KMB

Key Points

• Allen Wealth Management initiated a new position in Kimberly‑Clark, buying 11,254 shares valued at about $1.135 million, which represents roughly 0.7% of its portfolio and is its 29th largest holding.
• Kimberly‑Clark raised its quarterly dividend to $1.28 (annualized $5.12), yielding about 5.3% with a payout ratio of 84.35%.
• In the latest quarter KMB reported EPS of $1.86 (beating estimates) on $4.08B revenue (slightly below expectations); analysts’ consensus is a “Hold” with an average price target of about $115 and a current P/E around 15.9.

Allen Wealth Management LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,254 shares of the company's stock, valued at approximately $1,135,000. Kimberly-Clark accounts for about 0.7% of Allen Wealth Management LLC's investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark during the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $27,000. True Wealth Design LLC boosted its holdings in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $28,000. Finally, West Oak Capital LLC boosted its holdings in Kimberly-Clark by 69.7% in the third quarter. West Oak Capital LLC now owns 280 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $96.60 on Tuesday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a fifty day moving average price of $102.57 and a 200 day moving average price of $105.63. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $144.30. The company has a market cap of $32.06 billion, a PE ratio of 15.91, a P/E/G ratio of 3.54 and a beta of 0.28.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were issued a $1.28 dividend. The ex-dividend date was Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.26. Kimberly-Clark's payout ratio is 84.35%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMB. TD Cowen lowered their price target on Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, January 8th. Zacks Research downgraded Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Kimberly-Clark from $110.00 to $109.00 and set a "hold" rating for the company in a report on Monday, March 30th. UBS Group lowered their price target on Kimberly-Clark from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Tuesday, April 7th. Finally, Bank of America lowered their price target on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $115.07.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.