Deane Retirement Strategies Inc. Takes $3.65 Million Position in Kimberly-Clark Co. $KMB

Key Points

• Deane Retirement Strategies Inc. acquired 28,325 shares of Kimberly-Clark Co. for about $3.65 million, making it 1.6% of its portfolio and the fund's 29th largest holding.
• Kimberly-Clark reported $1.92 earnings per share for the latest quarter, surpassing expectations but experiencing a 1.6% decrease in revenue year-over-year.
• The company announced a quarterly dividend of $1.26 per share, representing an annual yield of 4.0% and a payout ratio of 69.42%.

Deane Retirement Strategies Inc. acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,325 shares of the company's stock, valued at approximately $3,650,000. Kimberly-Clark makes up 1.6% of Deane Retirement Strategies Inc.'s investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. My Legacy Advisors LLC boosted its holdings in Kimberly-Clark by 37.8% during the 2nd quarter. My Legacy Advisors LLC now owns 2,842 shares of the company's stock worth $375,000 after acquiring an additional 780 shares during the last quarter. Lantz Financial LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $242,000. Phillips Wealth Planners LLC boosted its holdings in Kimberly-Clark by 26.9% during the 2nd quarter. Phillips Wealth Planners LLC now owns 3,620 shares of the company's stock valued at $476,000 after acquiring an additional 767 shares during the period. Bell Bank increased its position in shares of Kimberly-Clark by 8.6% in the second quarter. Bell Bank now owns 48,358 shares of the company's stock valued at $6,234,000 after acquiring an additional 3,811 shares during the period. Finally, International Private Wealth Advisors LLC grew its holdings in shares of Kimberly-Clark by 18.0% during the 2nd quarter. International Private Wealth Advisors LLC now owns 2,100 shares of the company's stock worth $271,000 after acquiring an additional 320 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMB has been the topic of several research reports. UBS Group reduced their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Barclays increased their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Evercore ISI decreased their price target on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $142.20.

Kimberly-Clark Trading Down 0.4%

KMB stock traded down $0.55 during trading on Monday, hitting $124.07. The company had a trading volume of 2,683,760 shares, compared to its average volume of 2,330,537. Kimberly-Clark Co. has a 12 month low of $123.80 and a 12 month high of $150.45. The firm has a 50-day moving average price of $129.67 and a 200-day moving average price of $133.77. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. As a group, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.