Pallas Capital Advisors LLC Takes $556,000 Position in Kimberly-Clark Corporation $KMB

Pallas Capital Advisors LLC bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,063 shares of the company’s stock, valued at approximately $556,000.

A number of other large investors have also bought and sold shares of KMB. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth about $27,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $27,000. Motiv8 Investments LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $31,000. Finally, Entrust Financial LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $109.88 on Thursday. The business’s fifty day simple moving average is $108.61 and its 200 day simple moving average is $103.33. 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 has a market capitalization of $36.54 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 5.13 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results 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 business had revenue of $4.19 billion for 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 company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 earnings per share. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Analyst Ratings Changes

KMB has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday. TD Cowen upped their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Finally, UBS Group increased their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.93.

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.