Dearborn Partners LLC Invests $593,000 in Kimberly-Clark Corporation $KMB

Dearborn Partners LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,151 shares of the company’s stock, valued at approximately $593,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after acquiring an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after purchasing an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock worth $36,698,000 after purchasing an additional 87,455 shares during the period. Main Street Financial Solutions LLC raised its position in shares of Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after purchasing an additional 326 shares during the period. Finally, HUB Investment Partners LLC lifted its holdings in shares of Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. UBS Group increased their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Barclays upped their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, TD Cowen lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $109.55 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $131.53. 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 firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 5.24 and a beta of 0.26. The business has a 50 day simple moving average of $109.66 and a 200 day simple moving average of $103.71.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm earned $1.92 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Dividend Announcement

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