Centaurus Financial Inc. Acquires 391 Shares of Kimberly-Clark Co. (NYSE:KMB)

Posted by Defense World Staff on Mar 17th, 2023

Centaurus Financial Inc. raised its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,449 shares of the company’s stock after acquiring an additional 391 shares during the period. Centaurus Financial Inc.’s holdings in Kimberly-Clark were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. S&CO Inc. grew its holdings in Kimberly-Clark by 0.3% during the 2nd quarter. S&CO Inc. now owns 27,830 shares of the company’s stock worth $3,761,000 after acquiring an additional 74 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Kimberly-Clark by 0.9% during the 2nd quarter. Clearstead Advisors LLC now owns 8,973 shares of the company’s stock worth $1,213,000 after acquiring an additional 79 shares in the last quarter. Capital Analysts LLC grew its holdings in Kimberly-Clark by 22.3% during the 2nd quarter. Capital Analysts LLC now owns 444 shares of the company’s stock worth $60,000 after acquiring an additional 81 shares in the last quarter. Kore Private Wealth LLC grew its holdings in Kimberly-Clark by 3.2% during the 3rd quarter. Kore Private Wealth LLC now owns 2,586 shares of the company’s stock worth $291,000 after acquiring an additional 81 shares in the last quarter. Finally, Doyle Wealth Management grew its holdings in Kimberly-Clark by 1.4% during the 3rd quarter. Doyle Wealth Management now owns 6,033 shares of the company’s stock worth $679,000 after acquiring an additional 81 shares in the last quarter. 74.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMB has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $135.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, January 26th. StockNews.com initiated coverage on shares of Kimberly-Clark in a report on Thursday. They set a “hold” rating for the company. Jefferies Financial Group cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and upped their target price for the company from $137.00 to $139.00 in a report on Wednesday, January 4th. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $124.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday, January 26th. Finally, Barclays lowered their target price on shares of Kimberly-Clark from $146.00 to $126.00 and set an “equal weight” rating for the company in a report on Friday, January 27th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $128.00.

Kimberly-Clark Stock Up 0.9 %

Shares of NYSE:KMB opened at $126.91 on Friday. The stock has a market cap of $42.83 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.11 and a beta of 0.39. The firm has a fifty day moving average price of $129.57 and a 200 day moving average price of $127.60. The company has a debt-to-equity ratio of 10.83, a current ratio of 0.78 and a quick ratio of 0.47. Kimberly-Clark Co. has a 1-year low of $108.74 and a 1-year high of $144.53.

Kimberly-Clark (NYSE:KMB – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 9.59% and a return on equity of 264.67%. Kimberly-Clark’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. Sell-side analysts predict that Kimberly-Clark Co. will post 5.92 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be given a dividend of $1.18 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $4.72 dividend on an annualized basis and a yield of 3.72%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.16. Kimberly-Clark’s dividend payout ratio is presently 82.52%.

About Kimberly-Clark

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Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.