Jefferies Financial Group Inc. Purchases New Position in Kimberly-Clark Corporation $KMB

Jefferies Financial Group Inc. bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 67,500 shares of the company’s stock, valued at approximately $8,702,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at approximately $25,000. Princeton Global Asset Management LLC boosted its stake in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the period. Winnow Wealth LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $27,000. Financial Network Wealth Advisors LLC grew 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 purchasing an additional 125 shares in the last quarter. Finally, Elequin Capital LP purchased a new stake in Kimberly-Clark during the 1st quarter worth $36,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $105.18 on Monday. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. The firm has a market capitalization of $34.90 billion, a PE ratio of 14.49, a P/E/G ratio of 3.67 and a beta of 0.26. Kimberly-Clark Corporation has a 1-year low of $99.22 and a 1-year high of $150.45. The business’s fifty day moving average price is $116.01 and its two-hundred day moving average price is $126.63.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Corporation 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 Monday, January 5th. Investors of record on Friday, December 5th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Barclays set a $132.00 price objective on Kimberly-Clark in a report on Monday, November 3rd. Morgan Stanley cut their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $128.91.

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.