San Luis Wealth Advisors LLC Purchases Shares of 4,957 Kimberly-Clark Co. (NYSE:KMB)

San Luis Wealth Advisors LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 1st quarter, Holdings Channel reports. The firm purchased 4,957 shares of the company’s stock, valued at approximately $705,000.

Several other hedge funds and other institutional investors have also modified their holdings of KMB. Vanguard Group Inc. lifted its stake in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $582,592,000. GAMMA Investing LLC lifted its stake in shares of Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock valued at $270,510,000 after purchasing an additional 1,884,877 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Kimberly-Clark by 163.1% in the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock valued at $280,786,000 after purchasing an additional 1,328,341 shares in the last quarter. Finally, Trinity Financial Advisors LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at about $181,762,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KMB shares. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Royal Bank of Canada reduced their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. UBS Group boosted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $143.73.

Kimberly-Clark Price Performance

KMB stock opened at $130.67 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $43.36 billion, a PE ratio of 17.31, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The stock’s 50 day moving average is $136.65 and its two-hundred day moving average is $135.16.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the prior year, the company posted $2.01 EPS. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

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.