Cetera Advisors LLC Raises Holdings in Kimberly-Clark Co. (NYSE:KMB)

Cetera Advisors LLC increased its position in Kimberly-Clark Co. (NYSE:KMB) by 422.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,837 shares of the company’s stock after buying an additional 62,929 shares during the quarter. Cetera Advisors LLC’s holdings in Kimberly-Clark were worth $10,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC increased its holdings in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. Accordant Advisory Group Inc acquired a new stake in Kimberly-Clark in the 1st quarter valued at $27,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark in the 1st quarter valued at $27,000. Cranbrook Wealth Management LLC increased its holdings in Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Kimberly-Clark in the 4th quarter valued at $35,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Insiders have sold 43,312 shares of company stock valued at $6,106,519 over the last quarter. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $140.10 on Friday. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The company’s 50-day simple moving average is $138.33 and its 200-day simple moving average is $130.73. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $145.62. The stock has a market capitalization of $47.19 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.95 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the company posted $1.65 earnings per share. Kimberly-Clark’s revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that Kimberly-Clark Co. will post 7.21 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.48%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMB. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. UBS Group raised their target price on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. HSBC raised their target price on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Wells Fargo & Company lowered their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their target price for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.67.

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.