Arista Wealth Management LLC Buys Shares of 4,815 Kimberly-Clark Co. $KMB

Key Points

• Arista Wealth Management LLC purchased 4,815 shares of Kimberly-Clark Co., valued at approximately $621,000, during the second quarter.
• Kimberly-Clark reported $1.92 earnings per share, exceeding analysts' expectations of $1.67, but its quarterly revenue decreased 1.6% year-over-year.
• The company declared a quarterly dividend of $1.26, resulting in an annualized dividend of $5.04 and a dividend yield of 4.2%.

Arista Wealth Management LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,815 shares of the company's stock, valued at approximately $621,000.

Several other hedge funds also recently modified their holdings of KMB. Brighton Jones LLC boosted its holdings in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after acquiring an additional 2,765 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Kimberly-Clark by 31.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 125,323 shares of the company's stock valued at $17,824,000 after acquiring an additional 30,342 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Kimberly-Clark during the 1st quarter valued at $588,000. Sagespring Wealth Partners LLC boosted its holdings in shares of Kimberly-Clark by 5.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 4,184 shares of the company's stock valued at $595,000 after acquiring an additional 210 shares in the last quarter. Finally, Clarius Group LLC boosted its holdings in shares of Kimberly-Clark by 75.6% during the 1st quarter. Clarius Group LLC now owns 3,268 shares of the company's stock valued at $465,000 after acquiring an additional 1,407 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

KMB stock opened at $119.70 on Friday. The stock has a 50-day moving average price of $126.94 and a 200-day moving average price of $131.53. Kimberly-Clark Co. has a 1-year low of $118.18 and a 1-year high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market cap of $39.71 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

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

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark's dividend payout ratio (DPR) is 69.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Evercore ISI cut their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, September 22nd. UBS Group cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. Citigroup lowered their target price on Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research report on Thursday, October 9th. Barclays lowered their target price on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Finally, Piper Sandler lowered their target price on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $137.00.

Kimberly-Clark 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.

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