Meeder Advisory Services Inc. Makes New Investment in Kimberly-Clark Corporation $KMB

Meeder Advisory Services Inc. acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,068 shares of the company’s stock, valued at approximately $666,000.

A number of other hedge funds have also made changes to their positions in the stock. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth $27,000. CrossGen Wealth LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $27,000. Motiv8 Investments LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $31,000. Finally, Entrust Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on KMB. Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. UBS Group upped their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. TD Cowen lifted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of 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, Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. One equities 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $108.69 on Friday. The firm has a fifty day simple moving average of $108.75 and a 200-day simple moving average of $103.39. 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 1-year low of $92.42 and a 1-year high of $134.38. The stock has a market capitalization of $36.15 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 5.23 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $1.92 EPS. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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 issued 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 4.7%. Kimberly-Clark’s dividend payout ratio is presently 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.