Westshore Wealth LLC Has $892,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Westshore Wealth LLC increased its holdings in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,600 shares of the company’s stock after buying an additional 100 shares during the quarter. Kimberly-Clark comprises approximately 0.6% of Westshore Wealth LLC’s portfolio, making the stock its 18th largest holding. Westshore Wealth LLC’s holdings in Kimberly-Clark were worth $892,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KMB. PDS Planning Inc increased its holdings in shares of Kimberly-Clark by 15.1% during the second quarter. PDS Planning Inc now owns 2,238 shares of the company’s stock worth $302,000 after buying an additional 293 shares in the last quarter. Cordasco Financial Network increased its holdings in shares of Kimberly-Clark by 135.1% during the second quarter. Cordasco Financial Network now owns 435 shares of the company’s stock worth $59,000 after buying an additional 250 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Kimberly-Clark by 7.0% during the second quarter. IFM Investors Pty Ltd now owns 58,841 shares of the company’s stock worth $7,952,000 after buying an additional 3,854 shares in the last quarter. Juncture Wealth Strategies LLC increased its holdings in shares of Kimberly-Clark by 2.4% during the second quarter. Juncture Wealth Strategies LLC now owns 6,030 shares of the company’s stock worth $815,000 after buying an additional 142 shares in the last quarter. Finally, Marcum Wealth LLC grew its stake in shares of Kimberly-Clark by 15.7% during the second quarter. Marcum Wealth LLC now owns 3,381 shares of the company’s stock valued at $457,000 after purchasing an additional 460 shares during the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Kimberly-Clark Trading Down 0.6 %

Shares of NYSE KMB traded down $0.75 during midday trading on Friday, reaching $119.96. 31,141 shares of the stock were exchanged, compared to its average volume of 1,361,551. The business has a 50-day simple moving average of $130.55 and a two-hundred day simple moving average of $130.14. The company has a market capitalization of $40.50 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 4.17 and a beta of 0.31. 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 announced its quarterly earnings results 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). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the business earned $1.47 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that Kimberly-Clark Co. will post 5.64 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors 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 dividend yield of 3.87%. Kimberly-Clark’s payout ratio is 87.71%.

Analysts Set New Price Targets

Several research firms have recently commented on KMB. Bank of America began coverage on shares of Kimberly-Clark in a research note on Wednesday, September 14th. They set a “neutral” rating on the stock. UBS Group increased their price target on shares of Kimberly-Clark from $136.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $131.15.

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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