Ameritas Advisory Services LLC Has $1.05 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Ameritas Advisory Services LLC lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,597 shares of the company’s stock after buying an additional 149 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Kimberly-Clark were worth $1,050,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. HB Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 2.4% during the 2nd quarter. HB Wealth Management LLC now owns 12,102 shares of the company’s stock worth $1,672,000 after acquiring an additional 288 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Kimberly-Clark by 7.7% in the 2nd quarter. Checchi Capital Advisers LLC now owns 3,595 shares of the company’s stock valued at $497,000 after buying an additional 258 shares during the last quarter. Harbour Investments Inc. raised its holdings in Kimberly-Clark by 6.5% in the 2nd quarter. Harbour Investments Inc. now owns 18,240 shares of the company’s stock worth $2,521,000 after acquiring an additional 1,117 shares during the period. Atomi Financial Group Inc. grew its position in shares of Kimberly-Clark by 13.6% in the second quarter. Atomi Financial Group Inc. now owns 2,301 shares of the company’s stock valued at $318,000 after purchasing an additional 276 shares during the last quarter. Finally, Latitude Advisors LLC lifted its position in shares of Kimberly-Clark by 5.5% during the 2nd quarter. Latitude Advisors LLC now owns 1,997 shares of the company’s stock worth $276,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMB. Piper Sandler lifted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. BNP Paribas began coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their price objective for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Finally, JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Trading Down 0.4 %

Shares of KMB stock traded down $0.64 during trading hours on Thursday, reaching $143.22. The company had a trading volume of 1,879,233 shares, compared to its average volume of 2,140,906. 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 $145.68. The company has a 50 day moving average of $140.53 and a 200 day moving average of $133.27. The firm has a market cap of $48.22 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.95 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion during 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%. Kimberly-Clark’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.41%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

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.