Compass Wealth Management LLC bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,054 shares of the company’s stock, valued at approximately $774,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the period. The Manufacturers Life Insurance Company lifted its position in Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after purchasing an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its position in Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after purchasing an additional 87,455 shares during the period. Main Street Financial Solutions LLC boosted its holdings in Kimberly-Clark by 11.0% in the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after purchasing an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
Kimberly-Clark Price Performance
NASDAQ:KMB opened at $107.72 on Wednesday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $136.17. The stock has a 50 day moving average of $108.45 and a two-hundred day moving average of $103.25. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a market cap of $35.83 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26.
Kimberly-Clark Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on KMB. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. TD Cowen increased their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wells Fargo & Company upped their price objective 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. Finally, Piper Sandler increased their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $117.93.
View Our Latest Analysis on Kimberly-Clark
Kimberly-Clark Company Profile
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.
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