Focus Partners Advisor Solutions LLC Grows Position in Kimberly-Clark Co. $KMB

Focus Partners Advisor Solutions LLC increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,376 shares of the company’s stock after buying an additional 285 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Kimberly-Clark were worth $1,595,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. purchased a new position in shares of Kimberly-Clark in the 2nd quarter valued at approximately $25,000. Princeton Global Asset Management LLC grew its stake in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Elequin Capital LP purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $36,000. Finally, Rossby Financial LCC purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KMB shares. Wells Fargo & Company lowered their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. UBS Group decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Evercore ISI decreased their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Finally, Barclays decreased their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $118.93 on Monday. The stock has a fifty day moving average price of $125.24 and a 200 day moving average price of $130.67. The stock has a market cap of $39.46 billion, a PE ratio of 15.75, a P/E/G ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 1 year low of $117.49 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s payout ratio is currently 69.42%.

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.