Kestra Advisory Services LLC Increases Stock Holdings in Kimberly-Clark Corporation $KMB

Kestra Advisory Services LLC increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 24.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 64,539 shares of the company’s stock after purchasing an additional 12,782 shares during the quarter. Kestra Advisory Services LLC’s holdings in Kimberly-Clark were worth $6,226,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp grew its stake in Kimberly-Clark by 16.8% in the 1st quarter. Money Concepts Capital Corp now owns 72,467 shares of the company’s stock valued at $6,991,000 after acquiring an additional 10,408 shares during the last quarter. Isthmus Partners LLC raised its position in Kimberly-Clark by 248.8% during the first quarter. Isthmus Partners LLC now owns 9,584 shares of the company’s stock worth $925,000 after acquiring an additional 6,836 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Kimberly-Clark by 45.0% in the first quarter. Greenwood Capital Associates LLC now owns 19,050 shares of the company’s stock valued at $1,838,000 after purchasing an additional 5,916 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $687,000. Finally, Childress Capital Advisors LLC increased its stake in shares of Kimberly-Clark by 16.0% during the 1st quarter. Childress Capital Advisors LLC now owns 3,549 shares of the company’s stock worth $342,000 after purchasing an additional 490 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Barclays cut their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Piper Sandler raised their price target on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Wednesday, June 24th. Wells Fargo & Company upped their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, UBS Group increased their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $116.14.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $106.82 on Wednesday. The business has a 50-day moving average of $102.65 and a two-hundred day moving average of $101.59. The firm has a market capitalization of $35.46 billion, a PE ratio of 16.77, a P/E/G ratio of 4.91 and a beta of 0.26. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $1.93 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.47 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.

About Kimberly-Clark

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.