Almanack Investment Partners LLC. Raises Position in Kimberly-Clark Co. $KMB

Almanack Investment Partners LLC. increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,171 shares of the company’s stock after acquiring an additional 250 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Kimberly-Clark were worth $409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares in the last quarter. Fifth Third Bancorp raised its position in Kimberly-Clark by 8.8% during the first quarter. Fifth Third Bancorp now owns 28,579 shares of the company’s stock valued at $4,065,000 after purchasing an additional 2,301 shares in the last quarter. CVA Family Office LLC raised its position in Kimberly-Clark by 29.5% during the first quarter. CVA Family Office LLC now owns 892 shares of the company’s stock valued at $127,000 after purchasing an additional 203 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Kimberly-Clark by 31.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 125,323 shares of the company’s stock valued at $17,824,000 after purchasing an additional 30,342 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in Kimberly-Clark by 5.0% during the first quarter. Hennessy Advisors Inc. now owns 21,200 shares of the company’s stock valued at $3,015,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.0%

NYSE KMB opened at $119.57 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $39.67 billion, a PE ratio of 15.84, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 1 year low of $119.36 and a 1 year high of $150.45. The business’s 50-day moving average is $128.18 and its 200 day moving average is $131.99.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KMB shares. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Citigroup reduced their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday. Evercore ISI reduced their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, UBS Group reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark 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.