Tred Avon Family Wealth LLC Takes Position in Kimberly-Clark Corporation $KMB

Tred Avon Family Wealth LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,830 shares of the company’s stock, valued at approximately $974,000.

A number of other institutional investors also recently modified their holdings of KMB. Investment Research & Advisory Group Inc. acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC raised its stake in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after purchasing an additional 188 shares during the last quarter. Winnow Wealth LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. Finally, True Wealth Design LLC grew its holdings in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 1.1%

Kimberly-Clark stock opened at $99.32 on Friday. The firm has a 50 day simple moving average of $102.45 and a 200 day simple moving average of $117.49. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45. The firm has a market capitalization of $32.96 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 3.81 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 5.1%. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent analyst reports. TD Cowen dropped their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. BNP Paribas Exane decreased their price objective on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, November 13th. Barclays set a $102.00 price target on shares of Kimberly-Clark in a research note on Friday. Finally, Morgan Stanley reduced their price objective on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.69.

Kimberly-Clark Company 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.