Wealthspire Advisors LLC Purchases 298 Shares of Kimberly-Clark Co. (NYSE:KMB)

Wealthspire Advisors LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,245 shares of the company’s stock after acquiring an additional 298 shares during the period. Wealthspire Advisors LLC’s holdings in Kimberly-Clark were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMB. Fiera Capital Corp bought a new position in Kimberly-Clark during the fourth quarter valued at $711,000. Brown Advisory Inc. lifted its holdings in shares of Kimberly-Clark by 1.6% in the 4th quarter. Brown Advisory Inc. now owns 430,301 shares of the company’s stock valued at $52,286,000 after acquiring an additional 6,794 shares during the last quarter. Norges Bank purchased a new position in Kimberly-Clark in the fourth quarter worth about $437,420,000. UBS Group AG increased its stake in Kimberly-Clark by 13.3% during the fourth quarter. UBS Group AG now owns 919,669 shares of the company’s stock worth $111,749,000 after acquiring an additional 107,736 shares during the last quarter. Finally, Associated Banc Corp raised its position in Kimberly-Clark by 29.8% during the fourth quarter. Associated Banc Corp now owns 501,218 shares of the company’s stock valued at $60,903,000 after purchasing an additional 114,967 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.8 %

Shares of NYSE KMB opened at $143.52 on Monday. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The business has a fifty day simple moving average of $142.18 and a two-hundred day simple moving average of $135.53. The firm has a market cap of $48.34 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.40%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KMB shares. Barclays dropped their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. BNP Paribas started coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.67.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.