Cerity Partners LLC Has $34.99 Million Stake in Kimberly-Clark Corporation $KMB

Cerity Partners LLC grew its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,436 shares of the company’s stock after purchasing an additional 31,852 shares during the quarter. Cerity Partners LLC’s holdings in Kimberly-Clark were worth $34,994,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted 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 acquiring an additional 2,765 shares during the last quarter. Advisory Alpha LLC lifted its stake in shares of Kimberly-Clark by 22.3% in the 1st quarter. Advisory Alpha LLC now owns 2,553 shares of the company’s stock valued at $363,000 after purchasing an additional 466 shares during the period. Integrity Alliance LLC. bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $311,000. Belpointe Asset Management LLC boosted its position in shares of Kimberly-Clark by 31.4% during the 1st quarter. Belpointe Asset Management LLC now owns 5,553 shares of the company’s stock valued at $790,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Kimberly-Clark by 12.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,360 shares of the company’s stock worth $336,000 after purchasing an additional 255 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KMB shares. Evercore ISI reissued an “in-line” rating and issued a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Barclays set a $132.00 target price on shares of Kimberly-Clark in a research report on Monday, November 3rd. Royal Bank Of Canada restated an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a report on Tuesday, October 28th. UBS Group lifted their price target on shares of Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Piper Sandler dropped their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $122.31.

Kimberly-Clark Stock Up 1.3%

Shares of NASDAQ KMB opened at $98.87 on Friday. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. The company has a 50-day moving average price of $103.13 and a 200-day moving average price of $118.82. The stock has a market capitalization of $32.81 billion, a P/E ratio of 16.73, a P/E/G ratio of 3.74 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 85.28%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.