Ameritas Advisory Services LLC Increases Holdings in Kimberly-Clark Co. $KMB

Ameritas Advisory Services LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,549 shares of the company’s stock after purchasing an additional 231 shares during the period. Ameritas Advisory Services LLC’s holdings in Kimberly-Clark were worth $1,102,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KMB. Pacer Advisors Inc. increased its holdings in Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after purchasing an additional 1,339,413 shares during the period. Trinity Financial Advisors LLC bought a new stake in Kimberly-Clark during the 1st quarter valued at approximately $181,762,000. Nuveen LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after acquiring an additional 718,720 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Kimberly-Clark by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock valued at $334,406,000 after purchasing an additional 687,868 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMB shares. Barclays decreased their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Wells Fargo & Company dropped 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. Finally, Evercore ISI dropped their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $140.50.

Kimberly-Clark Stock Performance

Shares of KMB opened at $122.58 on Friday. Kimberly-Clark Co. has a 52 week low of $121.02 and a 52 week high of $150.45. The stock has a market cap of $40.67 billion, a P/E ratio of 16.24, a P/E/G ratio of 4.46 and a beta of 0.30. The business’s 50 day moving average price is $128.85 and its 200-day moving average price is $132.68. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s payout ratio is presently 69.42%.

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.