Kimberly-Clark Co. $KMB Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 130.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,547 shares of the company’s stock after acquiring an additional 4,845 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Kimberly-Clark were worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KMB. Pacer Advisors Inc. grew its holdings in shares of Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock worth $196,878,000 after purchasing an additional 1,339,413 shares during the period. Nuveen LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth about $106,458,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock worth $140,043,000 after purchasing an additional 718,720 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Kimberly-Clark by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after purchasing an additional 687,868 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after acquiring an additional 674,046 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $119.27 on Tuesday. The business’s 50 day moving average is $127.90 and its two-hundred day moving average is $131.84. Kimberly-Clark Co. has a 52-week low of $118.18 and a 52-week high of $150.45. The firm has a market cap of $39.57 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the company posted $1.96 EPS. Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s payout ratio is 69.42%.

Wall Street Analyst Weigh In

KMB has been the topic of several recent research reports. Barclays reduced their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. UBS Group reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Evercore ISI reduced their price target on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Piper Sandler reduced their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $137.00.

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.