Kimberly-Clark Co. $KMB Shares Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.2% in the second quarter, Holdings Channel.com reports. The fund owned 1,714 shares of the company’s stock after purchasing an additional 226 shares during the period. Roman Butler Fullerton & Co.’s holdings in Kimberly-Clark were worth $218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bleakley Financial Group LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at approximately $1,890,000. LifeWealth Investments LLC boosted its stake in shares of Kimberly-Clark by 34.6% in the second quarter. LifeWealth Investments LLC now owns 2,139 shares of the company’s stock valued at $276,000 after purchasing an additional 550 shares during the period. Forum Financial Management LP boosted its stake in shares of Kimberly-Clark by 1.9% in the second quarter. Forum Financial Management LP now owns 10,160 shares of the company’s stock valued at $1,310,000 after purchasing an additional 192 shares during the period. Ethic Inc. boosted its stake in shares of Kimberly-Clark by 4.9% in the second quarter. Ethic Inc. now owns 53,101 shares of the company’s stock valued at $6,791,000 after purchasing an additional 2,502 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Kimberly-Clark in the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.2%

Shares of Kimberly-Clark stock opened at $118.76 on Friday. Kimberly-Clark Co. has a 52-week low of $117.49 and a 52-week high of $150.45. The company has a 50 day moving average of $125.52 and a 200 day moving average of $130.82. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $39.40 billion, a P/E ratio of 15.73, a P/E/G ratio of 4.46 and a beta of 0.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the company earned $1.96 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Analysts Set New Price Targets

Several research firms have recently commented on KMB. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Barclays decreased their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Evercore ISI decreased their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Finally, Citigroup decreased their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.