15,995 Shares in Kimberly-Clark Corporation $KMB Bought by Peachtree Investment Partners LLC

Peachtree Investment Partners LLC acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, HoldingsChannel.com reports. The firm acquired 15,995 shares of the company’s stock, valued at approximately $1,756,000. Kimberly-Clark comprises about 0.6% of Peachtree Investment Partners LLC’s investment portfolio, making the stock its 29th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $27,000. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $25,000. CrossGen Wealth LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $27,000. Clearstead Trust LLC purchased a new position in shares of Kimberly-Clark in the second quarter worth approximately $33,000. Finally, Motiv8 Investments LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at approximately $31,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB opened at $110.39 on Monday. 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 Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $136.17. The firm’s fifty day moving average is $108.10 and its 200 day moving average is $103.14. The stock has a market cap of $36.71 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results 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 business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 yield of 4.6%. Kimberly-Clark’s payout ratio is currently 87.07%.

Analyst Ratings Changes

A number of analysts have commented on KMB shares. Wells Fargo & Company upped their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. TD Cowen raised their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, Piper Sandler lifted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. One equities 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $117.93.

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.