Kimberly-Clark Corporation $KMB Stock: Raleigh Capital Management Inc. Boosts Holdings

Raleigh Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 53.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,207 shares of the company’s stock after buying an additional 5,973 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Kimberly-Clark were worth $1,677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Lebenthal Global Advisors LLC boosted its position in shares of Kimberly-Clark by 9.9% in the third quarter. Lebenthal Global Advisors LLC now owns 10,023 shares of the company’s stock worth $977,000 after buying an additional 907 shares during the period. Partners Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter valued at $215,000. Choreo LLC raised its position in Kimberly-Clark by 22.2% during the third quarter. Choreo LLC now owns 10,887 shares of the company’s stock valued at $1,076,000 after buying an additional 1,976 shares during the period. Dynamic Financial Group raised its position in Kimberly-Clark by 28.5% during the third quarter. Dynamic Financial Group now owns 2,428 shares of the company’s stock valued at $237,000 after buying an additional 538 shares during the period. Finally, Redmond Asset Management LLC purchased a new stake in Kimberly-Clark in the 3rd quarter worth about $1,352,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Kimberly-Clark in a research report on Monday. Canaccord Genuity Group initiated coverage on Kimberly-Clark in a report on Friday, October 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Rothschild & Co Redburn reduced their price target on shares of Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Zacks Research cut shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $106.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.56.

Kimberly-Clark Trading Down 1.9%

Shares of NASDAQ:KMB opened at $107.94 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $35.90 billion, a PE ratio of 14.77, a P/E/G ratio of 5.95 and a beta of 0.25. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $120.09. The firm has a fifty day moving average price of $102.82 and a 200 day moving average price of $103.02.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. Kimberly-Clark’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. Analysts expect that Kimberly-Clark Corporation will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $1.28 per share. The ex-dividend date of this dividend was 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 presently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.