Kimberly-Clark Corporation $KMB Shares Purchased by Corient Private Wealth LP

Corient Private Wealth LP boosted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 53.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 352,769 shares of the company’s stock after acquiring an additional 122,368 shares during the quarter. Corient Private Wealth LP owned 0.11% of Kimberly-Clark worth $38,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $27,000. CrossGen Wealth LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth $31,000. Finally, Entrust Financial LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at $32,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $109.98 on Friday. The business has a 50 day simple moving average of $109.52 and a 200-day simple moving average of $103.67. The company has a market capitalization of $36.58 billion, a P/E ratio of 18.70, a PEG ratio of 5.26 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $131.53. 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 (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 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 during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the company earned $1.92 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 87.07%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Barclays lifted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company lifted their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, TD Cowen raised their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $117.93.

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.