Vise Technologies Inc. Invests $1.37 Million in Kimberly-Clark Corporation $KMB

Vise Technologies Inc. bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,513 shares of the company’s stock, valued at approximately $1,374,000.

A number of other large investors have also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $27,000. Motiv8 Investments LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $31,000. Finally, Entrust Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $32,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.6%

KMB stock opened at $109.31 on Friday. The company has a market cap of $36.35 billion, a P/E ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $134.38. The company’s 50-day moving average price is $108.89 and its 200 day moving average price is $103.43. 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 (NASDAQ:KMB) last issued its 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). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the business posted $1.92 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company 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 is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday. Finally, Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One equities 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.