Principle Wealth Partners LLC Takes $6.18 Million Position in Kimberly-Clark Corporation $KMB

Principle Wealth Partners LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 56,315 shares of the company’s stock, valued at approximately $6,182,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Kimberly-Clark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after purchasing an additional 315,981 shares in the last quarter. State Street Corp raised its stake in shares of Kimberly-Clark by 1.4% during the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after purchasing an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock valued at $1,202,322,000 after buying an additional 299,382 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after buying an additional 65,619 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after buying an additional 7,341,215 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 2.2%

KMB opened at $107.91 on Tuesday. The stock’s fifty day simple moving average is $108.30 and its 200 day simple moving average is $103.19. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $136.17. The stock has a market cap of $35.89 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 87.07%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KMB shares. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Barclays boosted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group upped their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $117.93.

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.