8,097 Kimberly-Clark Corporation $KMB Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,671 shares of the company’s stock after purchasing an additional 8,097 shares during the quarter. Money Concepts Capital Corp’s holdings in Kimberly-Clark were worth $7,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lynch Investment Planning LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth about $26,000. John Boyer Inc. bought a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $28,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $32,000. Ancora Advisors LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $32,000. Finally, Clearstead Trust LLC purchased a new position in Kimberly-Clark in the second quarter worth about $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Canaccord Genuity Group initiated coverage on Kimberly-Clark in a research note on Friday, October 23rd. They set a “hold” rating and a $105.00 price objective on the stock. TD Cowen decreased their price objective on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Rothschild & Co Redburn lowered their price objective on Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Deutsche Bank lifted their target price on Kimberly-Clark from $106.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $112.71.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $107.19 on Friday. The company has a 50 day moving average price of $102.68 and a 200-day moving average price of $103.39. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $116.82. The company has a market capitalization of $35.65 billion, a PE ratio of 14.85, a P/E/G ratio of 6.07 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. Kimberly-Clark had a return on equity of 114.93% and a net margin of 19.93%. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Kimberly-Clark’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Kimberly-Clark Corporation will post 6.93 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.8%. Kimberly-Clark’s payout ratio is 51.66%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global consumer products company that develops and sells personal care, tissue and hygiene products. Its offerings include diapers and training pants, feminine care and adult incontinence products, facial and bathroom tissues, paper towels and wipes. The company’s portfolio includes brands such as Huggies, Kleenex, Scott, Cottonelle, Depend, Poise and Kotex. Kimberly-Clark also provides products for businesses and institutions, including workplace and professional-use tissue and hygiene products.