MAI Capital Management Buys 4,922 Shares of Kimberly-Clark Corporation $KMB

MAI Capital Management lifted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,146 shares of the company’s stock after acquiring an additional 4,922 shares during the quarter. MAI Capital Management’s holdings in Kimberly-Clark were worth $9,344,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KMB. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the third quarter worth approximately $25,000. True Wealth Design LLC raised its position in shares of 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 during the period. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark in the second quarter worth $27,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth $27,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Kimberly-Clark by 105.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after buying an additional 127 shares during the period. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Evercore reissued an “in-line” rating and set a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. BNP Paribas Exane reissued a “neutral” rating and set a $110.00 price objective on shares of Kimberly-Clark in a research report on Monday, December 1st. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 13th. Finally, Wells Fargo & Company set a $110.00 target price on Kimberly-Clark in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $119.00.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Down 1.7%

Shares of KMB opened at $109.21 on Thursday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The company has a 50-day simple moving average of $102.50 and a 200-day simple moving average of $112.50. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45. The firm has a market capitalization of $36.25 billion, a P/E ratio of 17.99, a P/E/G ratio of 3.99 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The business had revenue of $4.08 billion for 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 firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.50 earnings per share. On average, equities research analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 83.03%.

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.