Mystic Asset Management Inc. Acquires New Holdings in Kimberly-Clark Corporation $KMB

Mystic Asset Management Inc. bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,245 shares of the company’s stock, valued at approximately $2,222,000.

Other hedge funds also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at $27,000. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the fourth quarter worth $25,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark in the fourth quarter worth $27,000. Edmond DE Rothschild Holding S.A. acquired a new position in Kimberly-Clark during the second quarter worth $32,000. Finally, Clearstead Trust LLC bought a new position in Kimberly-Clark during the second quarter valued at about $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KMB. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday. UBS Group increased their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $108.69 on Friday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a market cap of $36.15 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 5.23 and a beta of 0.26. The firm has a fifty day moving average price of $108.75 and a two-hundred day moving average price of $103.39. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $134.38.

Kimberly-Clark (NASDAQ:KMB) last posted 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). 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 for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 87.07%.

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.