Aptus Capital Advisors LLC Grows Holdings in Kimberly-Clark Co. $KMB

Key Points

• Aptus Capital Advisors LLC increased its holdings in Kimberly-Clark Co. by 33.6%, owning 18,158 shares valued at approximately $2.58 million as of the latest filing.
• Kimberly-Clark's latest earnings showed an EPS of $1.92, exceeding expectations, though its revenue of $4.16 billion fell short of forecasts.
• The firm recently declared a quarterly dividend of $1.26 per share, representing an annualized yield of 3.8% and a payout ratio of 69.42%.

Aptus Capital Advisors LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 33.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,158 shares of the company's stock after buying an additional 4,569 shares during the period. Aptus Capital Advisors LLC's holdings in Kimberly-Clark were worth $2,582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cornerstone Wealth Management LLC increased its holdings in Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after buying an additional 74 shares in the last quarter. Tudor Financial Inc. increased its stake in shares of Kimberly-Clark by 3.8% during the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after purchasing an additional 75 shares in the last quarter. Park National Corp OH increased its stake in shares of Kimberly-Clark by 2.6% during the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after purchasing an additional 77 shares in the last quarter. Hoge Financial Services LLC increased its stake in shares of Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after purchasing an additional 77 shares in the last quarter. Finally, Nwam LLC increased its stake in shares of Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMB. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Barclays boosted their price target on shares of 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 initiated coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target on the stock. Finally, UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Trading Down 1.8%

NYSE:KMB traded down $2.37 on Monday, hitting $131.12. The stock had a trading volume of 859,629 shares, compared to its average volume of 2,311,098. 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 $43.50 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 4.46 and a beta of 0.33. The company has a fifty day moving average price of $130.43 and a two-hundred day moving average price of $135.23. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is 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.