Kimberly-Clark Co. $KMB Shares Purchased by Forum Financial Management LP

Forum Financial Management LP increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,160 shares of the company’s stock after purchasing an additional 192 shares during the period. Forum Financial Management LP’s holdings in Kimberly-Clark were worth $1,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nwam LLC grew its stake in shares of Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after purchasing an additional 77 shares in the last quarter. Old North State Wealth Management LLC grew its stake in shares of Kimberly-Clark by 4.6% during the first quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock worth $258,000 after purchasing an additional 79 shares in the last quarter. TFB Advisors LLC grew its stake in shares of Kimberly-Clark by 4.2% during the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after purchasing an additional 82 shares in the last quarter. Silver Coast Investments LLC grew its stake in shares of Kimberly-Clark by 5.2% during the first quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after purchasing an additional 83 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its stake in shares of Kimberly-Clark by 0.7% during the first quarter. Leavell Investment Management Inc. now owns 11,863 shares of the company’s stock worth $1,702,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMB shares. Barclays lowered their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Finally, Citigroup reduced their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Price Performance

Shares of KMB opened at $118.76 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.49 and a fifty-two week high of $150.45. The company has a market capitalization of $39.40 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The firm has a 50-day simple moving average of $125.52 and a 200-day simple moving average of $130.82. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s dividend payout ratio is 69.42%.

Kimberly-Clark 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.