Prospera Private Wealth LLC Buys 844 Shares of Kimberly-Clark Co. (NYSE:KMB)

Prospera Private Wealth LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 25.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,105 shares of the company’s stock after acquiring an additional 844 shares during the period. Prospera Private Wealth LLC’s holdings in Kimberly-Clark were worth $584,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KMB. Price T Rowe Associates Inc. MD boosted its stake in Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after buying an additional 944,920 shares during the period. Wulff Hansen & CO. increased its holdings in shares of Kimberly-Clark by 13,720.0% in the second quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock worth $88,659,000 after buying an additional 636,882 shares during the period. Marshall Wace LLP increased its holdings in shares of Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after buying an additional 503,839 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after buying an additional 354,501 shares during the period. Finally, Capital World Investors increased its holdings in Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after purchasing an additional 342,790 shares during the period. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $149.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $136.37 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The business’s 50 day moving average price is $138.92 and its 200-day moving average price is $139.13. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a market cap of $45.48 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.81 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.58%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

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.