247,826 Shares in Kimberly-Clark Corporation $KMB Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 247,826 shares of the company's stock, valued at approximately $27,204,000. Advisors Capital Management LLC owned 0.07% of Kimberly-Clark as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Kimberly-Clark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company's stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the period. BlackRock Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter valued at $3,547,915,000. State Street Corp raised its stake in shares of Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company's stock worth $2,157,746,000 after buying an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company's stock worth $1,202,322,000 after buying an additional 299,382 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Kimberly-Clark by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company's stock valued at $836,216,000 after buying an additional 65,619 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the topic of several research reports. Barclays boosted 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. Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 28th. TD Cowen lifted their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday. Finally, UBS Group raised 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 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $117.93.

Kimberly-Clark Stock Down 1.1%

KMB stock opened at $108.69 on Friday. 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 $36.15 billion, a P/E ratio of 18.48, a P/E/G ratio of 5.23 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 simple moving average is $108.75 and its 200-day simple moving average is $103.39.

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

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark's dividend payout ratio (DPR) is 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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