EverSource Wealth Advisors LLC Buys 130 Shares of Kimberly-Clark Co. (NYSE:KMB)

EverSource Wealth Advisors LLC boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,971 shares of the company’s stock after purchasing an additional 130 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its holdings in shares of Kimberly-Clark by 5.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 698,033 shares of the company’s stock valued at $89,087,000 after acquiring an additional 37,108 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Kimberly-Clark in the 1st quarter valued at about $67,000. Cetera Advisors LLC raised its holdings in shares of Kimberly-Clark by 422.1% in the 1st quarter. Cetera Advisors LLC now owns 77,837 shares of the company’s stock valued at $10,068,000 after acquiring an additional 62,929 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Kimberly-Clark by 207.7% in the 1st quarter. Cetera Investment Advisers now owns 208,989 shares of the company’s stock valued at $27,033,000 after acquiring an additional 141,073 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Kimberly-Clark by 18.4% during the 1st quarter. Atria Investments Inc now owns 24,924 shares of the company’s stock valued at $3,224,000 after buying an additional 3,876 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Barclays reduced their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Finally, Citigroup raised their price target on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $145.67.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,312 shares of company stock worth $6,106,519. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock traded up $1.62 during midday trading on Friday, reaching $140.10. The stock had a trading volume of 2,401,756 shares, compared to its average volume of 2,480,943. The stock has a market cap of $47.19 billion, a PE ratio of 25.75, a P/E/G ratio of 2.95 and a beta of 0.37. 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 firm has a fifty day simple moving average of $138.33 and a two-hundred day simple moving average of $130.73. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $145.62.

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. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

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.