17,419 Shares in Kimberly-Clark Corporation $KMB Acquired by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMBFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,419 shares of the company’s stock, valued at approximately $1,912,000.

Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $27,000. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the fourth quarter valued at $25,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $27,000. Clearstead Trust LLC purchased a new position in Kimberly-Clark during the second quarter worth about $33,000. Finally, Motiv8 Investments LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth about $31,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of NASDAQ:KMB opened at $110.39 on Friday. The firm has a market capitalization of $36.71 billion, a PE ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The business has a 50-day moving average of $108.10 and a two-hundred day moving average of $103.13. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $136.17.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 earnings per share. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Wall Street Analyst Weigh In

Several analysts have commented on KMB shares. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. UBS Group upped their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Barclays increased their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $117.93.

View Our Latest Report on Kimberly-Clark

About Kimberly-Clark

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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