SCS Capital Management LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,583 shares of the company’s stock, valued at approximately $1,492,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in Kimberly-Clark during the fourth quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $27,000. CrossGen Wealth LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $27,000. Motiv8 Investments LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth about $31,000. Finally, Entrust Financial LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.
Analysts Set New Price Targets
KMB has been the topic of several research reports. UBS Group raised their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. TD Cowen boosted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased 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. Piper Sandler raised their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $117.93.
Kimberly-Clark Price Performance
KMB stock opened at $110.39 on Monday. The company has a market capitalization of $36.71 billion, a P/E ratio of 18.77, a PEG ratio of 5.25 and a beta of 0.26. The firm has a 50 day simple moving average of $108.10 and a 200-day simple moving average of $103.14. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $136.17.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 earnings per share. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is 87.07%.
Kimberly-Clark 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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