Daymark Wealth Partners LLC Grows Position in Kimberly-Clark Co. $KMB

Daymark Wealth Partners LLC raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,563 shares of the company’s stock after buying an additional 554 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Kimberly-Clark were worth $1,620,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KMB. Strs Ohio purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $12,854,000. Citigroup Inc. raised its position in shares of Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after purchasing an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares during the last quarter. United Community Bank raised its position in shares of Kimberly-Clark by 340.0% in the 1st quarter. United Community Bank now owns 18,518 shares of the company’s stock valued at $2,634,000 after purchasing an additional 14,309 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in shares of Kimberly-Clark by 130.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,547 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,845 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KMB shares. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Royal Bank Of Canada reiterated an “overweight” rating and issued a $162.00 price target on shares of Kimberly-Clark in a report on Tuesday. Barclays cut their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $116.72 on Thursday. The stock has a market capitalization of $38.73 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 12 month low of $116.26 and a 12 month high of $150.45. The firm’s 50 day simple moving average is $124.45 and its 200-day simple moving average is $130.29. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. Analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.3%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

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.