SFE Investment Counsel Buys New Shares in Kimberly-Clark Corporation $KMB

SFE Investment Counsel bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, Holdings Channel.com reports. The firm bought 48,065 shares of the company’s stock, valued at approximately $5,276,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ballast Inc. grew its holdings in Kimberly-Clark by 42.4% in the second quarter. Ballast Inc. now owns 16,883 shares of the company’s stock valued at $1,853,000 after purchasing an additional 5,029 shares during the period. Northside Capital Management LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at $207,000. Tema ETFs LLC boosted its holdings in shares of Kimberly-Clark by 9.4% in the 2nd quarter. Tema ETFs LLC now owns 6,730 shares of the company’s stock valued at $739,000 after purchasing an additional 580 shares during the last quarter. Canvas Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 186.5% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 43,463 shares of the company’s stock valued at $4,824,000 after buying an additional 28,291 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Kimberly-Clark by 17.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 7,365 shares of the company’s stock valued at $808,000 after buying an additional 1,069 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group increased their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. TD Cowen raised their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective 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. Finally, Barclays boosted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $110.39 on Friday. The firm’s fifty day simple moving average is $108.10 and its 200 day simple moving average is $103.13. 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. The firm has a market capitalization of $36.71 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 5.25 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. Kimberly-Clark’s dividend payout ratio is presently 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.