Bell Bank Boosts Holdings in Kimberly-Clark Co. $KMB

Key Points

• Bell Bank increased its stake in Kimberly-Clark Co. by 8.6% during Q2, holding a total of 48,358 shares valued at approximately $6.23 million.
• Kimberly-Clark recently reported an EPS of $1.92 for the last quarter, exceeding expectations, despite a 1.6% decline in revenue year-over-year.
• The company announced a quarterly dividend of $1.26, reflecting an annualized dividend yield of 4.0% with a payout ratio of 69.42%.

Bell Bank increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,358 shares of the company's stock after acquiring an additional 3,811 shares during the quarter. Bell Bank's holdings in Kimberly-Clark were worth $6,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KMB. Brighton Jones LLC boosted its stake in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after acquiring an additional 2,765 shares in the last quarter. Vident Advisory LLC boosted its stake in Kimberly-Clark by 6.3% during the fourth quarter. Vident Advisory LLC now owns 10,267 shares of the company's stock worth $1,345,000 after acquiring an additional 612 shares in the last quarter. Woodline Partners LP bought a new position in Kimberly-Clark during the fourth quarter worth $2,002,000. Focus Partners Advisor Solutions LLC boosted its stake in Kimberly-Clark by 59.8% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,217 shares of the company's stock worth $1,470,000 after acquiring an additional 4,196 shares in the last quarter. Finally, Headinvest LLC boosted its stake in Kimberly-Clark by 8.1% during the fourth quarter. Headinvest LLC now owns 3,329 shares of the company's stock worth $436,000 after acquiring an additional 250 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Down 0.4%

Shares of KMB stock traded down $0.54 on Monday, hitting $124.08. The stock had a trading volume of 1,819,270 shares, compared to its average volume of 2,324,533. The business has a 50 day moving average of $129.74 and a 200 day moving average of $133.91. The stock has a market cap of $41.17 billion, a price-to-earnings ratio of 16.43, 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. Kimberly-Clark Co. has a 12-month low of $123.80 and a 12-month high of $150.45.

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

Kimberly-Clark Dividend Announcement

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 yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is 69.42%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KMB shares. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Evercore ISI lowered their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday. Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. UBS Group lowered their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Barclays upped their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $142.20.

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.