Kimberly-Clark Co. $KMB Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its position in Kimberly-Clark Co. (NYSE:KMB) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,844 shares of the company’s stock after purchasing an additional 2,673 shares during the quarter. Brookstone Capital Management’s holdings in Kimberly-Clark were worth $11,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $25,000. First Pacific Financial purchased a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $26,000. Princeton Global Asset Management LLC raised its stake in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the period. Financial Network Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Finally, Elequin Capital LP purchased a new stake in shares of Kimberly-Clark in the 1st quarter valued at approximately $36,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.1%

Shares of NYSE:KMB opened at $120.21 on Thursday. Kimberly-Clark Co. has a 52 week low of $118.18 and a 52 week high of $150.45. The company’s 50 day moving average is $125.81 and its two-hundred day moving average is $130.93. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market cap of $39.88 billion, a PE ratio of 15.92, a P/E/G ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the firm posted $1.96 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio is currently 69.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. UBS Group reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Evercore ISI cut their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Finally, Barclays reduced their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $137.00.

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.