Apollon Wealth Management LLC Acquires 966 Shares of Kimberly-Clark Co. (NYSE:KMB)

Apollon Wealth Management LLC lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,689 shares of the company’s stock after purchasing an additional 966 shares during the quarter. Apollon Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bleakley Financial Group LLC grew its holdings in Kimberly-Clark by 2.6% during the first quarter. Bleakley Financial Group LLC now owns 10,483 shares of the company’s stock valued at $1,356,000 after purchasing an additional 263 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in Kimberly-Clark by 7.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 6,036 shares of the company’s stock worth $781,000 after acquiring an additional 399 shares during the period. Blair William & Co. IL raised its holdings in Kimberly-Clark by 1.5% in the 1st quarter. Blair William & Co. IL now owns 129,127 shares of the company’s stock worth $16,703,000 after acquiring an additional 1,944 shares during the period. Orion Portfolio Solutions LLC lifted its position in Kimberly-Clark by 10.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 23,680 shares of the company’s stock worth $3,063,000 after acquiring an additional 2,246 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in Kimberly-Clark by 176.2% during the first quarter. Tocqueville Asset Management L.P. now owns 51,508 shares of the company’s stock valued at $6,663,000 after acquiring an additional 32,857 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $132.19 on Thursday. The company has a market cap of $44.08 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.78 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The company’s fifty day simple moving average is $140.40 and its 200 day simple moving average is $139.23. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the company earned $1.74 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts forecast that Kimberly-Clark Co. will post 7.26 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.69%. Kimberly-Clark’s payout ratio is 63.29%.

Analyst Ratings Changes

A number of analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. TD Cowen started coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $149.93.

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.