Elevation Point Wealth Partners LLC Invests $640,000 in Kimberly-Clark Corporation $KMB

Elevation Point Wealth Partners LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,774 shares of the company’s stock, valued at approximately $640,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter worth $27,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at approximately $25,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $27,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Kimberly-Clark in the second quarter worth about $32,000. Finally, Clearstead Trust LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at $33,000. 76.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on KMB shares. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. UBS Group boosted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Barclays lifted their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Price Performance

Shares of KMB opened at $111.37 on Tuesday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $133.94. The firm’s 50-day simple moving average is $109.06 and its two-hundred day simple moving average is $103.54. The stock has a market cap of $37.04 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.

Kimberly-Clark (NASDAQ:KMB) last released its 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 business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. Kimberly-Clark’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. 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 currently 87.07%.

Kimberly-Clark Company 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.