Dakota Wealth Management Boosts Holdings in Kimberly-Clark Corporation $KMB

Dakota Wealth Management raised its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 30.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,233 shares of the company’s stock after purchasing an additional 6,417 shares during the period. Dakota Wealth Management’s holdings in Kimberly-Clark were worth $3,386,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings 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 buying an additional 2,765 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $273,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Kimberly-Clark during the second quarter valued at $304,000. Wealthfront Advisers LLC increased its position in Kimberly-Clark by 2.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 46,892 shares of the company’s stock worth $6,045,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Kimberly-Clark by 60.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 555,584 shares of the company’s stock valued at $71,626,000 after purchasing an additional 208,335 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $111.11 on Wednesday. The company has a market cap of $36.88 billion, a P/E ratio of 18.30, a P/E/G ratio of 3.97 and a beta of 0.26. The firm’s 50 day moving average is $102.38 and its two-hundred day moving average is $112.52. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 EPS. Analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $1.28 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is 83.03%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. Argus upgraded shares of 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. Morgan Stanley decreased their target price on shares of 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. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a report on Monday, December 1st. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research note on Tuesday, February 17th. Finally, UBS Group lifted their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $119.00.

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.