84,068 Shares in Kimberly-Clark Corporation $KMB Purchased by OneDigital Investment Advisors LLC

Key Points

• OneDigital Investment Advisors bought 84,068 Kimberly-Clark shares worth approximately $9.2 million in the second quarter. Institutional investors and hedge funds own 76.29% of the company.
• Analysts maintain a generally cautious outlook, with an average rating of “Hold” and a consensus price target of $117.93. Recent target prices range from $104 to $121.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue reached $4.19 billion. The company declared a quarterly dividend of $1.28 per share, representing a 4.6% annualized yield.

OneDigital Investment Advisors LLC bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 84,068 shares of the company's stock, valued at approximately $9,228,000.

Several other institutional investors also recently bought and sold shares of KMB. AMG National Trust Bank acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $439,000. Simplicity Wealth LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at approximately $473,000. Wealth Effects LLC purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $481,000. Trivium Point Advisory LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $361,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $1,706,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMB shares. UBS Group raised their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Piper Sandler increased their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an "overweight" rating in a research report on Wednesday, June 17th. Wells Fargo & Company lifted 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 note on Wednesday, July 8th. TD Cowen upped their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Price Performance

KMB opened at $110.39 on Monday. The company has a 50 day moving average of $108.10 and a two-hundred day moving average of $103.14. The company has a market cap of $36.71 billion, a P/E ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $136.17.

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

Kimberly-Clark Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is 87.07%.

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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