SeaCrest Wealth Management LLC Acquires 224 Shares of Kimberly-Clark Co. (NYSE:KMB)

SeaCrest Wealth Management LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 6.2% during the second quarter, HoldingsChannel.com reports. The firm owned 3,842 shares of the company’s stock after purchasing an additional 224 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Kimberly-Clark were worth $531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pallas Capital Advisors LLC grew its holdings in shares of Kimberly-Clark by 44.3% during the second quarter. Pallas Capital Advisors LLC now owns 2,320 shares of the company’s stock valued at $334,000 after buying an additional 712 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Kimberly-Clark by 5.5% in the second quarter. First Citizens Bank & Trust Co. now owns 22,809 shares of the company’s stock valued at $3,152,000 after acquiring an additional 1,183 shares during the period. ZWJ Investment Counsel Inc. boosted its position in Kimberly-Clark by 51.7% in the second quarter. ZWJ Investment Counsel Inc. now owns 3,118 shares of the company’s stock worth $431,000 after purchasing an additional 1,062 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Kimberly-Clark by 18.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 10,213 shares of the company’s stock valued at $1,412,000 after purchasing an additional 1,568 shares during the period. Finally, Apollon Wealth Management LLC increased its position in shares of Kimberly-Clark by 5.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 12,723 shares of the company’s stock valued at $1,758,000 after purchasing an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on KMB shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Barclays dropped their price target on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Finally, Piper Sandler increased their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.67.

Insiders Place Their Bets

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

Kimberly-Clark Trading Down 0.0 %

Shares of KMB stock traded down $0.03 on Wednesday, reaching $144.21. 319,485 shares of the company’s stock were exchanged, compared to its average volume of 2,161,308. The company’s fifty day simple moving average is $140.00 and its 200 day simple moving average is $132.37. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $145.68. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The stock has a market capitalization of $48.56 billion, a PE ratio of 26.62, a P/E/G ratio of 2.95 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company earned $1.65 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. 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 paid 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 3.38%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

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.