BCS Wealth Management Acquires Shares of 14,023 Kimberly-Clark Co. $KMB

Key Points

• BCS Wealth Management acquired 14,023 shares of Kimberly-Clark Co., valued at approximately $1,808,000, in the second quarter, as disclosed in a 13F filing.
• Analysts have set varied new price targets for Kimberly-Clark, with JPMorgan upgrading it to a "neutral" rating and a target of $138.00, while the consensus target stands at $142.20.
• The company has declared a quarterly dividend of $1.26 per share, reflecting an annualized dividend yield of 4.1%, with the payment date scheduled for October 2nd.

BCS Wealth Management bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,023 shares of the company's stock, valued at approximately $1,808,000.

Several other hedge funds have also added to or reduced their stakes in KMB. Brighton Jones LLC raised its holdings in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after purchasing an additional 2,765 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Kimberly-Clark by 19.5% during the 4th quarter. Mackenzie Financial Corp now owns 86,781 shares of the company's stock worth $11,372,000 after buying an additional 14,172 shares during the period. Ascent Group LLC raised its stake in shares of Kimberly-Clark by 6.5% during the fourth quarter. Ascent Group LLC now owns 9,880 shares of the company's stock worth $1,295,000 after buying an additional 606 shares during the last quarter. United Advisor Group LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $214,000. Finally, Heck Capital Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $53,000. Institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

KMB has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their target price for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Evercore ISI dropped their price objective on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday. UBS Group cut their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays boosted their target price 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. Finally, Piper Sandler assumed coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $142.20.

Kimberly-Clark Stock Down 0.2%

Shares of Kimberly-Clark stock opened at $123.82 on Wednesday. The company has a market capitalization of $41.08 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business has a 50-day moving average of $129.62 and a two-hundred day moving average of $133.70. Kimberly-Clark Co. has a 1 year low of $122.58 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the firm earned $1.96 EPS. Kimberly-Clark's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.