Childress Capital Advisors LLC Grows Stake in Kimberly-Clark Co. $KMB

Childress Capital Advisors LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 66.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,523 shares of the company’s stock after purchasing an additional 1,007 shares during the period. Childress Capital Advisors LLC’s holdings in Kimberly-Clark were worth $325,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Kimberly-Clark by 74.1% during the 4th 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 during the last quarter. Wellington Management Group LLP boosted its holdings in Kimberly-Clark by 36.5% in the fourth quarter. Wellington Management Group LLP now owns 28,884 shares of the company’s stock worth $3,785,000 after purchasing an additional 7,729 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Kimberly-Clark by 42.7% in the 1st quarter. AdvisorNet Financial Inc now owns 551 shares of the company’s stock worth $78,000 after buying an additional 165 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Kimberly-Clark by 106,600.0% in the 1st quarter. NBC Securities Inc. now owns 7,469 shares of the company’s stock worth $1,062,000 after buying an additional 7,462 shares during the last quarter. Finally, Merit Financial Group LLC boosted its stake in shares of Kimberly-Clark by 38.6% in the 1st quarter. Merit Financial Group LLC now owns 13,273 shares of the company’s stock worth $1,888,000 after buying an additional 3,699 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Evercore ISI dropped their target price 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. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group dropped their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Finally, Barclays dropped 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 research note on Wednesday. Three 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $140.40.

Kimberly-Clark Stock Down 0.9%

KMB stock opened at $123.23 on Thursday. 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 Co. has a twelve month low of $121.02 and a twelve month high of $150.45. The stock has a market cap of $40.89 billion, a P/E ratio of 16.32, a PEG ratio of 4.46 and a beta of 0.32. The business’s 50-day moving average price is $129.05 and its 200-day moving average price is $132.96.

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

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark’s payout ratio is presently 69.42%.

About Kimberly-Clark

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.