Tred Avon Family Wealth LLC Invests $974,000 in Kimberly-Clark Corporation $KMB

Tred Avon Family Wealth LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,830 shares of the company’s stock, valued at approximately $974,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Empirical Finance LLC boosted its stake in shares of Kimberly-Clark by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after purchasing an additional 76 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in Kimberly-Clark by 3.7% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock valued at $284,000 after purchasing an additional 78 shares during the last quarter. Monarch Capital Management Inc. boosted its position in Kimberly-Clark by 1.9% in the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after buying an additional 81 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 buying an additional 82 shares during the last quarter. Finally, Crews Bank & Trust increased its holdings in shares of Kimberly-Clark by 2.7% during the second quarter. Crews Bank & Trust now owns 3,348 shares of the company’s stock worth $432,000 after buying an additional 87 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMB. Morgan Stanley cut their price objective on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Barclays set a $102.00 target price on Kimberly-Clark in a research report on Friday. Cowen restated a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, BNP Paribas reissued a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $117.69.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $99.32 on Friday. The stock has a market capitalization of $32.96 billion, a PE ratio of 16.81, a PEG ratio of 3.81 and a beta of 0.26. The business’s 50 day simple moving average is $102.45 and its 200 day simple moving average is $117.49. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.