1ST Source Bank Makes New $1 Million Investment in Kimberly-Clark Corporation $KMB

Key Points

• 1ST Source Bank acquired 9,144 Kimberly-Clark shares worth approximately $1.004 million during the second quarter. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, missing the $2.01 consensus estimate, while revenue reached $4.19 billion and increased 0.6% year over year.
• The company declared a quarterly dividend of $1.28 per share, representing $5.12 annually and a 4.6% yield. Analysts maintain a consensus Hold rating with an average price target of $117.93.

1ST Source Bank acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,144 shares of the company's stock, valued at approximately $1,004,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Greatmark Investment Partners Inc. grew its stake in shares of Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company's stock valued at $356,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock worth $3,834,000 after purchasing an additional 100 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock worth $1,523,000 after purchasing an additional 100 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock worth $64,000 after buying an additional 103 shares during the period. Finally, Core Wealth Partners LLC raised its holdings in Kimberly-Clark by 2.6% during the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company's stock valued at $439,000 after acquiring an additional 112 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

KMB stock opened at $110.39 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The firm has a market cap of $36.71 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 5.25 and a beta of 0.26. The business's fifty day simple moving average is $108.10 and its two-hundred day simple moving average is $103.14. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $136.17.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion for 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 business's revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $1.92 earnings per share. Analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark's dividend payout ratio (DPR) is 87.07%.

Analyst Ratings Changes

Several research analysts have weighed in on KMB shares. TD Cowen upped their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. Finally, UBS Group boosted their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $117.93.

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.

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