Trust Co. of Vermont purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,468 shares of the company’s stock, valued at approximately $1,259,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $6,182,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Kimberly-Clark during the 2nd quarter worth $94,858,000. Beverly Hills Private Wealth LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter worth $304,000. OneDigital Investment Advisors LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth $9,228,000. Finally, AMG National Trust Bank acquired a new position in shares of Kimberly-Clark during the second quarter worth $439,000. Institutional investors and hedge funds own 76.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on KMB. Wells Fargo & Company raised their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. UBS Group upped their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Barclays boosted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, TD Cowen upped their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $117.93.
Kimberly-Clark Stock Performance
NASDAQ KMB opened at $107.72 on Wednesday. The company has a fifty day moving average of $108.45 and a two-hundred day moving average of $103.25. The company has a market capitalization of $35.83 billion, a PE ratio of 18.32, a P/E/G ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $136.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the firm posted $1.92 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.
Kimberly-Clark Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.8%. Kimberly-Clark’s payout ratio is 87.07%.
About Kimberly-Clark
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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