Kimberly-Clark Corporation $KMB Holdings Raised by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 29.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 27,869 shares of the company’s stock after acquiring an additional 6,414 shares during the quarter. Foresight Capital Management Advisors Inc.’s holdings in Kimberly-Clark were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark in the 4th quarter worth about $27,000. Eagle Bay Advisors LLC bought a new position in shares of Kimberly-Clark in the 4th quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Bank of America lowered their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Wells Fargo & Company raised their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. TD Cowen upped their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, UBS Group increased their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Up 0.9%

Shares of KMB stock opened at $109.68 on Friday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.29. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.55 and a current ratio of 0.91. The business’s fifty day moving average is $106.84 and its 200-day moving average is $102.84. The stock has a market cap of $36.48 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 4.84 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the company earned $1.92 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

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.