Chicago Partners Investment Group LLC Purchases 2,116 Shares of Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Chicago Partners Investment Group LLC increased its holdings in Kimberly-Clark Co. by 33.5%, owning 8,434 shares valued at approximately $1.13 million.
• Several analysts have revised their target prices for Kimberly-Clark, with the average target now at $142.70 and a consensus rating of "Hold".
• The company announced a quarterly dividend of $1.26 per share, reflecting an annual yield of 3.7%.

Chicago Partners Investment Group LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 33.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,434 shares of the company's stock after purchasing an additional 2,116 shares during the period. Chicago Partners Investment Group LLC's holdings in Kimberly-Clark were worth $1,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Kimberly-Clark by 0.3% during the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company's stock worth $5,011,188,000 after acquiring an additional 92,920 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Kimberly-Clark by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock worth $1,601,968,000 after acquiring an additional 674,046 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Kimberly-Clark by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company's stock valued at $986,616,000 after purchasing an additional 417,118 shares during the period. Northern Trust Corp raised its stake in shares of Kimberly-Clark by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,974,239 shares of the company's stock valued at $520,784,000 after purchasing an additional 445,552 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Kimberly-Clark by 24.3% in the 4th quarter. Royal Bank of Canada now owns 3,430,616 shares of the company's stock valued at $449,549,000 after purchasing an additional 670,162 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KMB has been the topic of several recent research reports. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Piper Sandler assumed coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Finally, UBS Group lowered their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Stock Up 0.8%

Shares of NYSE:KMB traded up $1.04 during midday trading on Wednesday, reaching $134.68. The company had a trading volume of 744,406 shares, compared to its average volume of 2,330,390. The business's 50 day moving average price is $130.54 and its 200 day moving average price is $135.01. The stock has a market cap of $44.68 billion, a PE ratio of 17.86, a P/E/G ratio of 4.46 and a beta of 0.33. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. 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 announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is 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.