EverSource Wealth Advisors LLC Grows Position in Kimberly-Clark Co. (NYSE:KMB)

EverSource Wealth Advisors LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,971 shares of the company’s stock after purchasing an additional 130 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $269,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC boosted its stake in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Kimberly-Clark during the first quarter valued at approximately $27,000. Crewe Advisors LLC bought a new position in shares of Kimberly-Clark during the first quarter valued at approximately $27,000. Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark in the fourth quarter worth $35,000. Finally, Northwest Financial Advisors bought a new position in Kimberly-Clark in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KMB shares. TD Cowen started coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. The Goldman Sachs Group increased their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Citigroup increased their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Finally, UBS Group increased their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded up $1.62 during trading on Friday, hitting $140.10. 2,401,756 shares of the company’s stock traded hands, compared to its average volume of 2,480,943. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $145.62. The stock has a market capitalization of $47.19 billion, a P/E ratio of 25.75, a PEG ratio of 2.95 and a beta of 0.37. The business has a 50-day simple moving average of $138.33 and a 200-day simple moving average of $130.73.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.65 earnings per share. As a group, analysts forecast that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.48%. Kimberly-Clark’s payout ratio is 89.71%.

Insiders Place Their Bets

In other news, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,312 shares of company stock valued at $6,106,519. Insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.