Signature Wealth Management Group Grows Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Signature Wealth Management Group raised its position in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,902 shares of the company’s stock after acquiring an additional 428 shares during the quarter. Kimberly-Clark makes up 1.9% of Signature Wealth Management Group’s investment portfolio, making the stock its 15th largest position. Signature Wealth Management Group’s holdings in Kimberly-Clark were worth $3,906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Great Lakes Advisors LLC increased its position in shares of Kimberly-Clark by 1.7% during the first quarter. Great Lakes Advisors LLC now owns 4,389 shares of the company’s stock valued at $541,000 after buying an additional 73 shares during the period. OLD Second National Bank of Aurora grew its holdings in Kimberly-Clark by 12.6% in the first quarter. OLD Second National Bank of Aurora now owns 663 shares of the company’s stock worth $81,000 after purchasing an additional 74 shares during the period. Orca Investment Management LLC grew its holdings in Kimberly-Clark by 3.3% in the first quarter. Orca Investment Management LLC now owns 2,413 shares of the company’s stock worth $297,000 after purchasing an additional 76 shares during the period. Retirement Planning Co of New England Inc. grew its holdings in Kimberly-Clark by 1.0% in the first quarter. Retirement Planning Co of New England Inc. now owns 7,465 shares of the company’s stock worth $919,000 after purchasing an additional 76 shares during the period. Finally, Bank OZK grew its holdings in Kimberly-Clark by 2.3% in the first quarter. Bank OZK now owns 3,535 shares of the company’s stock worth $435,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KMB. Bank of America began coverage on shares of Kimberly-Clark in a report on Wednesday, September 14th. They issued a “neutral” rating on the stock. upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Finally, UBS Group upped their target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $131.15.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $0.61 during midday trading on Thursday, reaching $121.34. 44,791 shares of the company traded hands, compared to its average volume of 1,347,598. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 4.20 and a beta of 0.31. The business has a 50 day moving average of $130.84 and a two-hundred day moving average of $130.19. Kimberly-Clark Co. has a 12 month low of $117.32 and a 12 month high of $145.79. The company has a debt-to-equity ratio of 10.37, a current ratio of 0.79 and a quick ratio of 0.47.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.47 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 5.64 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be issued a dividend of $1.16 per share. The ex-dividend date is Thursday, September 8th. This represents a $4.64 dividend on an annualized basis and a yield of 3.82%. Kimberly-Clark’s dividend payout ratio is currently 87.71%.

About Kimberly-Clark

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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