185,095 Shares in Kimberly-Clark Corporation $KMB Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, HoldingsChannel.com reports. The firm purchased 185,095 shares of the company’s stock, valued at approximately $20,318,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Foster & Motley Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $252,000. Main Street Financial Solutions LLC increased its stake in shares of Kimberly-Clark by 4.4% during the second quarter. Main Street Financial Solutions LLC now owns 3,576 shares of the company’s stock valued at $392,000 after buying an additional 151 shares during the period. Rayburn West Financial Services LLC bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $257,000. First National Bank of Omaha bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $609,000. Finally, HS Management Partners LLC purchased a new stake in Kimberly-Clark in the second quarter worth $12,953,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Piper Sandler lifted their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Barclays boosted their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Trading Down 0.2%

NASDAQ KMB opened at $107.72 on Wednesday. The firm has a market capitalization of $35.83 billion, a PE ratio of 18.32, a P/E/G ratio of 5.25 and a beta of 0.26. The stock’s 50 day moving average is $108.45 and its 200 day moving average is $103.25. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $136.17. 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 quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.Kimberly-Clark’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. Research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal 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 given a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. Kimberly-Clark’s dividend payout ratio 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.