Capital Management Associates Inc Buys Shares of 1,720 Kimberly-Clark Co. $KMB

Capital Management Associates Inc bought a new stake in Kimberly-Clark Co. (NYSE:KMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,720 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors also recently made changes to their positions in the company. Cornerstone Wealth Management LLC boosted its position in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the period. Tudor Financial Inc. boosted its position in shares of Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after purchasing an additional 75 shares during the period. Hoge Financial Services LLC boosted its position in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after purchasing an additional 77 shares during the period. Nwam LLC boosted its position in shares of Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after purchasing an additional 77 shares during the period. Finally, Old North State Wealth Management LLC boosted its position in shares of Kimberly-Clark by 4.6% in the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock valued at $258,000 after purchasing an additional 79 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 2.2%

Shares of KMB stock opened at $119.63 on Thursday. The stock’s 50 day simple moving average is $128.50 and its 200 day simple moving average is $132.35. 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 Co. has a twelve month low of $119.54 and a twelve month high of $150.45. The company has a market capitalization of $39.69 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the business earned $1.96 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KMB shares. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. UBS Group reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays reduced their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Finally, Evercore ISI reduced their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $138.78.

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.