118,000 Shares in Kimberly-Clark Corporation $KMB Bought by HS Management Partners LLC

HS Management Partners LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 118,000 shares of the company’s stock, valued at approximately $12,953,000. Kimberly-Clark makes up about 4.4% of HS Management Partners LLC’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at about $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark during the fourth quarter worth about $27,000. Motiv8 Investments LLC bought a new stake in Kimberly-Clark during the fourth quarter worth about $31,000. Finally, Entrust Financial LLC acquired a new position in Kimberly-Clark during the fourth quarter valued at approximately $32,000. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on KMB. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. UBS Group raised their target price 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. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Finally, Piper Sandler upped their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Trading Down 0.2%

Shares of KMB stock opened at $107.72 on Wednesday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $136.17. The company has a market capitalization of $35.83 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. The firm has a 50 day moving average price of $108.45 and a two-hundred day moving average price of $103.25. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last posted its 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). The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 EPS. As a group, analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm 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 $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.8%. Kimberly-Clark’s payout ratio is 87.07%.

Kimberly-Clark 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.