Keynote Financial Services LLC Acquires New Position in Kimberly-Clark Co. (NYSE:KMB)

Keynote Financial Services LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the 1st quarter, Holdings Channel reports. The fund acquired 1,450 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after acquiring an additional 2,765 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Kimberly-Clark by 36.5% during the 4th quarter. Wellington Management Group LLP now owns 28,884 shares of the company’s stock valued at $3,785,000 after acquiring an additional 7,729 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Kimberly-Clark by 2.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 605,619 shares of the company’s stock valued at $79,360,000 after acquiring an additional 13,256 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Kimberly-Clark by 0.6% during the 4th quarter. Cerity Partners LLC now owns 214,261 shares of the company’s stock valued at $28,208,000 after acquiring an additional 1,210 shares during the last quarter. Finally, FIL Ltd boosted its holdings in shares of Kimberly-Clark by 78.0% during the 4th quarter. FIL Ltd now owns 4,313 shares of the company’s stock valued at $565,000 after acquiring an additional 1,890 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price target for the company from $125.00 to $138.00 in a report on Monday. Royal Bank Of Canada dropped their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Piper Sandler initiated coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an “overweight” rating and a $144.00 price target on the stock. Finally, UBS Group lowered their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $142.70.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $136.68 on Thursday. The firm’s 50 day moving average price is $131.22 and its 200-day moving average price is $134.72. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market capitalization of $45.35 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

About Kimberly-Clark

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.