Forum Financial Management LP Grows Stock Holdings in Kimberly-Clark Co. $KMB

Forum Financial Management LP increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,160 shares of the company’s stock after buying an additional 192 shares during the quarter. Forum Financial Management LP’s holdings in Kimberly-Clark were worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Nwam LLC raised its position in shares of Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after buying an additional 77 shares during the period. Old North State Wealth Management LLC raised its position in shares of Kimberly-Clark by 4.6% during the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock valued at $258,000 after buying an additional 79 shares during the period. TFB Advisors LLC raised its position in shares of Kimberly-Clark by 4.2% during the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after buying an additional 82 shares during the period. Silver Coast Investments LLC raised its position in shares of Kimberly-Clark by 5.2% during the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock valued at $240,000 after buying an additional 83 shares during the period. Finally, Leavell Investment Management Inc. raised its position in shares of Kimberly-Clark by 0.7% during the 1st quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock valued at $1,702,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on KMB shares. Barclays reduced their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $118.76 on Friday. The company has a fifty day simple moving average of $125.52 and a two-hundred day simple moving average of $130.82. The company has a market cap of $39.40 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $117.49 and a 52 week high of $150.45.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s payout ratio is 69.42%.

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.