Kimberly-Clark Co. $KMB Stock Holdings Boosted by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.3% in the second quarter, HoldingsChannel.com reports. The firm owned 7,774 shares of the company’s stock after buying an additional 100 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Kimberly-Clark were worth $1,002,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. bought a new position in Kimberly-Clark during the 2nd quarter valued at $25,000. Princeton Global Asset Management LLC boosted its stake in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its stake in shares of Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Elequin Capital LP bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $36,000. Finally, Rossby Financial LCC bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $37,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

KMB opened at $118.93 on Monday. The stock has a fifty day moving average of $125.24 and a 200-day moving average of $130.67. The firm has a market capitalization of $39.46 billion, a P/E ratio of 15.75, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 12-month low of $117.49 and a 12-month high of $150.45. 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 (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KMB shares. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. 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. 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. Citigroup reduced their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $137.00.

About Kimberly-Clark

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.