Wealthfront Advisers LLC Purchases 1,081 Shares of Kimberly-Clark Co. $KMB

Wealthfront Advisers LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,892 shares of the company’s stock after purchasing an additional 1,081 shares during the period. Wealthfront Advisers LLC’s holdings in Kimberly-Clark were worth $6,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark in the 2nd quarter worth about $25,000. Princeton Global Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Elequin Capital LP purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $36,000. Finally, Rossby Financial LCC bought a new position in Kimberly-Clark during the first quarter valued at approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an “overweight” rating and issued a $162.00 price objective on shares of Kimberly-Clark in a report on Tuesday. Evercore ISI reduced their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Finally, Piper Sandler reduced their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Stock Up 0.0%

NYSE KMB opened at $120.66 on Wednesday. Kimberly-Clark Co. has a 52 week low of $117.49 and a 52 week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $40.03 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The stock’s 50-day moving average price is $124.78 and its 200-day moving average price is $130.45.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Kimberly-Clark Profile

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.