Allstate Corp Invests $1.52 Million in Kimberly-Clark Corporation $KMB

Allstate Corp acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,195 shares of the company’s stock, valued at approximately $1,516,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the last quarter. Sowell Financial Services LLC lifted its stake in Kimberly-Clark by 24.7% in the 2nd quarter. Sowell Financial Services LLC now owns 5,157 shares of the company’s stock valued at $665,000 after purchasing an additional 1,022 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Kimberly-Clark by 52.2% in the 2nd quarter. Park Avenue Securities LLC now owns 22,020 shares of the company’s stock valued at $2,839,000 after acquiring an additional 7,554 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Kimberly-Clark by 9.7% during the 2nd quarter. GAMMA Investing LLC now owns 14,675 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,301 shares in the last quarter. Finally, Golden State Equity Partners boosted its holdings in shares of Kimberly-Clark by 93.3% during the 2nd quarter. Golden State Equity Partners now owns 5,969 shares of the company’s stock valued at $770,000 after acquiring an additional 2,881 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $101.48 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The company has a fifty day simple moving average of $102.35 and a 200 day simple moving average of $116.93. The company has a market cap of $33.68 billion, a P/E ratio of 17.17, a PEG ratio of 3.81 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $150.45.

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

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors 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 5.0%. The ex-dividend date of this dividend was Friday, December 5th. Kimberly-Clark’s payout ratio is 85.28%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup cut their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. TD Cowen cut their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Royal Bank Of Canada restated an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Finally, UBS Group dropped their price target on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $117.69.

Kimberly-Clark 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.