Centaurus Financial Inc. Has $819,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Centaurus Financial Inc. boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,759 shares of the company’s stock after acquiring an additional 266 shares during the quarter. Centaurus Financial Inc.’s holdings in Kimberly-Clark were worth $819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Waverly Advisors LLC increased its holdings in Kimberly-Clark by 11.8% during the 1st quarter. Waverly Advisors LLC now owns 12,728 shares of the company’s stock valued at $1,646,000 after purchasing an additional 1,343 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Kimberly-Clark by 3.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,369 shares of the company’s stock valued at $2,241,000 after buying an additional 572 shares during the last quarter. Tidal Investments LLC grew its holdings in Kimberly-Clark by 61.7% during the 1st quarter. Tidal Investments LLC now owns 38,668 shares of the company’s stock worth $4,997,000 after acquiring an additional 14,761 shares during the last quarter. Alethea Capital Management LLC increased its position in Kimberly-Clark by 66.2% in the 1st quarter. Alethea Capital Management LLC now owns 3,906 shares of the company’s stock valued at $505,000 after acquiring an additional 1,556 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Kimberly-Clark by 1.3% in the first quarter. Comerica Bank now owns 225,864 shares of the company’s stock worth $29,215,000 after acquiring an additional 2,847 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMB. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. UBS Group dropped their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Up 0.5 %

NYSE:KMB opened at $139.14 on Tuesday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock has a 50-day moving average price of $138.61 and a two-hundred day moving average price of $139.19. The stock has a market cap of $46.40 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.90 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the business earned $1.74 EPS. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.51%. Kimberly-Clark’s payout ratio is 63.29%.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

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.