NewEdge Advisors LLC Boosts Position in Kimberly-Clark Corporation $KMB

Key Points

• NewEdge Advisors increased its Kimberly-Clark stake by 916.3% in the first quarter, acquiring 518,571 additional shares for a total position worth approximately $55.5 million. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark recently reported weaker-than-expected quarterly results, with EPS of $1.80 versus a $2.01 consensus estimate and revenue of $4.19 billion versus $4.22 billion expected. Shares were trading at $108.66, down 3.3%.
• The company declared a quarterly dividend of $1.28 per share, representing a 4.7% annualized yield. Analysts maintain a consensus “Hold” rating, with an average price target of $117.93.

NewEdge Advisors LLC boosted its position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 916.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 575,164 shares of the company's stock after purchasing an additional 518,571 shares during the period. NewEdge Advisors LLC owned about 0.17% of Kimberly-Clark worth $55,486,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Financial Solutions Advisory Group Inc. purchased a new stake in Kimberly-Clark during the first quarter valued at approximately $692,000. Ipsen Advisor Group LLC boosted its stake in shares of Kimberly-Clark by 25.3% during the 1st quarter. Ipsen Advisor Group LLC now owns 4,634 shares of the company's stock worth $447,000 after acquiring an additional 936 shares during the last quarter. Summitry LLC boosted its stake in shares of Kimberly-Clark by 8.9% during the 1st quarter. Summitry LLC now owns 55,177 shares of the company's stock worth $5,323,000 after acquiring an additional 4,503 shares during the last quarter. WNY Asset Management LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at $269,000. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth $318,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Down 3.3%

Shares of Kimberly-Clark stock opened at $108.66 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.55 and a current ratio of 0.91. The company has a market capitalization of $36.14 billion, a P/E ratio of 18.48, a P/E/G ratio of 4.87 and a beta of 0.26. The company has a fifty day moving average of $106.60 and a 200 day moving average of $102.79.

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

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KMB. Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Bank of America reduced their price target on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 10th. Wells Fargo & Company raised 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. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a research report on Tuesday. Finally, Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $117.93.

Kimberly-Clark 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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