13,509 Shares in Kimberly-Clark Corporation $KMB Acquired by Fluent Financial LLC

Key Points

• Fluent Financial LLC acquired 13,509 Kimberly-Clark shares worth approximately $1.48 million during the second quarter. Institutional investors collectively own 76.29% of KMB stock.
• Analysts maintain a consensus “Hold” rating with a $117.93 price target, despite several firms raising their targets and Freedom Capital upgrading the stock to “strong buy.”
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue rose 0.6% year over year to $4.19 billion. The company declared a $1.28 quarterly dividend, representing a 4.7% annualized yield.

Fluent Financial LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,509 shares of the company's stock, valued at approximately $1,483,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Brighton Jones LLC raised its stake in Kimberly-Clark by 74.1% in the 4th 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 stake in Kimberly-Clark by 7.3% during the 2nd 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 increased its holdings in shares of Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company's stock valued at $36,698,000 after purchasing an additional 87,455 shares during the period. Main Street Financial Solutions LLC raised its stake in shares of Kimberly-Clark by 11.0% in the second 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 last quarter. Finally, HUB Investment Partners LLC lifted its holdings in shares of Kimberly-Clark by 20.5% during the second 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 period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. Barclays upped their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Piper Sandler increased their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 17th. TD Cowen raised their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $109.68 on Monday. The stock has a 50 day moving average of $106.84 and a 200 day moving average of $102.86. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The stock has a market cap of $36.48 billion, a P/E ratio of 18.65, a P/E/G ratio of 4.88 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $137.29.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is currently 87.07%.

Kimberly-Clark 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.

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