HBK Sorce Advisory LLC Takes $1.02 Million Position in Kimberly-Clark Corporation $KMB

HBK Sorce Advisory LLC acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, HoldingsChannel.com reports. The fund acquired 9,064 shares of the company’s stock, valued at approximately $1,019,000.

Several other large investors also recently added to or reduced their stakes in KMB. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the second quarter valued at $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $27,000. Motiv8 Investments LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth about $31,000. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $32,000. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KMB shares. Piper Sandler boosted their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. TD Cowen raised their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. UBS Group lifted their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $110.39 on Monday. 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 12-month low of $92.42 and a 12-month high of $136.17. The firm’s 50-day moving average price is $108.10 and its 200-day moving average price is $103.14. The stock has a market capitalization of $36.71 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s 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.