Brighton Jones LLC Grows Stock Holdings in Kimberly-Clark Co. $KMB

Brighton Jones LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,453 shares of the company’s stock after purchasing an additional 349 shares during the period. Brighton Jones LLC’s holdings in Kimberly-Clark were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KMB. Golden State Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 40.5% during the first quarter. Golden State Wealth Management LLC now owns 340 shares of the company’s stock valued at $49,000 after purchasing an additional 98 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Kimberly-Clark by 0.9% during the first quarter. Amalgamated Bank now owns 70,767 shares of the company’s stock valued at $10,064,000 after purchasing an additional 600 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $50,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Kimberly-Clark by 4.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,498 shares of the company’s stock valued at $355,000 after purchasing an additional 107 shares during the last quarter. Finally, Kennon Green & Company LLC increased its holdings in Kimberly-Clark by 1.1% during the first quarter. Kennon Green & Company LLC now owns 21,649 shares of the company’s stock valued at $3,079,000 after buying an additional 236 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Barclays reduced 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 report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday. Finally, Evercore ISI reduced their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Stock Performance

KMB opened at $120.66 on Wednesday. The firm has a market cap of $40.03 billion, a P/E ratio of 15.98, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 1-year low of $117.49 and a 1-year high of $150.45. The company has a 50 day simple moving average of $124.78 and a two-hundred day simple moving average of $130.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping 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 business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

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.