Kimberly-Clark Co. $KMB Shares Purchased by Wedmont Private Capital

Wedmont Private Capital boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 20.7% in the 2nd quarter, Holdings Channel reports. The firm owned 9,227 shares of the company’s stock after buying an additional 1,580 shares during the quarter. Wedmont Private Capital’s holdings in Kimberly-Clark were worth $1,213,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KMB. Brighton Jones LLC increased its holdings in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares in the last quarter. State of Wyoming increased its holdings in Kimberly-Clark by 107.3% in the 4th quarter. State of Wyoming now owns 2,794 shares of the company’s stock valued at $366,000 after purchasing an additional 1,446 shares in the last quarter. Vident Advisory LLC increased its holdings in Kimberly-Clark by 6.3% in the 4th quarter. Vident Advisory LLC now owns 10,267 shares of the company’s stock valued at $1,345,000 after purchasing an additional 612 shares in the last quarter. Woodline Partners LP acquired a new stake in Kimberly-Clark in the 4th quarter valued at $2,002,000. Finally, Worldquant Millennium Advisors LLC increased its holdings in Kimberly-Clark by 97.7% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 95,441 shares of the company’s stock valued at $12,507,000 after purchasing an additional 47,164 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.1%

NYSE:KMB opened at $125.51 on Friday. The company has a market capitalization of $41.64 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The stock has a 50-day simple moving average of $129.84 and a 200 day simple moving average of $134.14. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.0%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

Wall Street Analyst Weigh In

KMB has been the subject of several recent research reports. UBS Group lowered their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Barclays raised their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their target price for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Piper Sandler initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They set an “overweight” rating and a $144.00 target price for the company. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.70.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.