BOK Financial Private Wealth Inc. Acquires 2,289 Shares of Kimberly-Clark Co. (NYSE:KMB)

BOK Financial Private Wealth Inc. grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 15,260.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,304 shares of the company’s stock after acquiring an additional 2,289 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Kimberly-Clark were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of KMB. New Millennium Group LLC bought a new position in Kimberly-Clark in the 2nd quarter worth $27,000. Wagner Wealth Management LLC purchased a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $28,000. Heritage Financial Services LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Kimberly-Clark by 103.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 364 shares of the company’s stock worth $41,000 after buying an additional 185 shares in the last quarter. Finally, Capital Analysts LLC boosted its position in shares of Kimberly-Clark by 22.3% during the second quarter. Capital Analysts LLC now owns 444 shares of the company’s stock worth $60,000 after acquiring an additional 81 shares during the last quarter. 74.16% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB opened at $134.63 on Wednesday. The business has a fifty day moving average of $135.68 and a 200 day moving average of $129.25. Kimberly-Clark Co. has a 52-week low of $108.74 and a 52-week high of $144.53. The stock has a market cap of $45.44 billion, a P/E ratio of 25.50, a PEG ratio of 3.30 and a beta of 0.40. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 13.08.

Kimberly-Clark (NYSE:KMB – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.08). Kimberly-Clark had a return on equity of 250.21% and a net margin of 8.84%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 5.6 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, December 8th. Kimberly-Clark’s payout ratio is 87.88%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMB. UBS Group boosted their price target on shares of Kimberly-Clark from $129.00 to $136.00 and gave the stock a “neutral” rating in a research note on Monday. Evercore ISI began coverage on Kimberly-Clark in a report on Monday, October 17th. They set an “in-line” rating for the company. Wells Fargo & Company upped their price objective on Kimberly-Clark from $120.00 to $135.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 3rd. Atlantic Securities raised shares of Kimberly-Clark from a “neutral” rating to an “overweight” rating and set a $135.00 target price for the company in a report on Wednesday, October 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Kimberly-Clark from a “hold” rating to a “sell” rating and upped their price target for the company from $120.00 to $123.00 in a research note on Tuesday, December 6th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $128.67.

Kimberly-Clark Profile

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.