Haverford Trust Co Acquires New Shares in Kimberly-Clark Corporation $KMB

Haverford Trust Co acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMBFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,474 shares of the company’s stock, valued at approximately $1,479,000.

Other large investors have also recently bought and sold shares of the company. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth $27,000. CrossGen Wealth LLC bought a new position in Kimberly-Clark during the fourth quarter worth about $27,000. Motiv8 Investments LLC bought a new position in Kimberly-Clark during the fourth quarter worth about $31,000. Finally, Entrust Financial LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at about $32,000. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KMB. TD Cowen increased their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. UBS Group lifted their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. 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. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $117.93.

View Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Trading Up 0.6%

NASDAQ KMB opened at $109.31 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $134.38. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock’s 50 day moving average price is $108.89 and its two-hundred day moving average price is $103.43. The stock has a market capitalization of $36.35 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 5.20 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the business earned $1.92 earnings per share. Kimberly-Clark’s revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm 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 4.7%. Kimberly-Clark’s payout ratio is 87.07%.

About Kimberly-Clark

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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