Allworth Financial LP Makes New Investment in Kimberly-Clark Corporation $KMB

Key Points

• Allworth Financial LP acquired 13,457 Kimberly-Clark shares worth approximately $1.48 million in the second quarter, while institutional investors collectively own 76.29% of KMB.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, below the $2.01 analyst consensus, while revenue reached $4.19 billion, up 0.6% year over year.
• The company declared a quarterly dividend of $1.28 per share, equating to a $5.12 annualized payout and a 4.7% yield; analysts maintain a consensus “Hold” rating with a $117.93 price target.

Allworth Financial LP acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,457 shares of the company's stock, valued at approximately $1,477,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $27,000. Motiv8 Investments LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $31,000. Finally, Entrust Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $32,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $109.31 on Friday. 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's 50-day moving average price is $108.89 and its two-hundred day moving average price is $103.43. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $134.38. The stock has a market capitalization of $36.35 billion, a P/E ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share 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 analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

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

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. 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. UBS Group raised their price objective 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. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Piper Sandler restated an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday. Finally, Seaport Research Partners raised Kimberly-Clark to a "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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus 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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