Silverlake Wealth Management LLC Invests $1.91 Million in Kimberly-Clark Corporation $KMB

Silverlake Wealth Management LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,419 shares of the company’s stock, valued at approximately $1,912,000.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Kimberly-Clark during the second quarter worth $239,612,000. Focus Partners Advisor Solutions LLC acquired a new stake in Kimberly-Clark in the second quarter valued at $364,000. S&CO Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at $1,307,000. Orca Investment Management LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $245,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $570,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective 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. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. TD Cowen raised their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $110.39 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $136.17. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 5.25 and a beta of 0.26. The stock has a fifty day moving average of $108.10 and a two-hundred day moving average of $103.13. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 earnings per share. On average, analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is 87.07%.

About Kimberly-Clark

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.