Avidian Wealth Enterprises LLC Raises Stock Position in Kimberly-Clark Co. $KMB

Avidian Wealth Enterprises LLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,510 shares of the company’s stock after buying an additional 177 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Kimberly-Clark were worth $839,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Pacific Financial bought a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC raised its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark in the second quarter worth $25,000. Princeton Global Asset Management LLC lifted its position in Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares during the last quarter. Finally, Elequin Capital LP purchased a new position in Kimberly-Clark during the first quarter worth $36,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KMB shares. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. UBS Group decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Evercore ISI dropped their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $120.05 on Wednesday. The firm’s 50 day simple moving average is $126.11 and its 200-day simple moving average is $131.00. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a one year low of $118.18 and a one year high of $150.45. The firm has a market cap of $39.83 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data 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 revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date 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 currently 69.42%.

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.