Envestnet Asset Management Inc. Buys 69,060 Shares of Kimberly-Clark Corporation $KMB

Key Points

• Envestnet Asset Management increased its Kimberly-Clark stake by 8.3%, purchasing 69,060 shares to reach 902,852 shares valued at approximately $99.1 million. Institutional investors and hedge funds collectively own 76.29% of the company.
• Analyst sentiment remains mixed but averages a “Hold” rating, with a consensus price target of $117.36; several firms recently upgraded the stock, including Seaport Research Partners to “Buy.”
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 estimate, while revenue reached $4.19 billion. The company declared a quarterly dividend of $1.28, equivalent to a 5.2% annualized yield.

Envestnet Asset Management Inc. raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 902,852 shares of the company's stock after buying an additional 69,060 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.27% of Kimberly-Clark worth $99,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the 4th quarter valued at about $25,000. Ancora Advisors LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at approximately $32,000. Clearstead Trust LLC acquired a new position in Kimberly-Clark in the second quarter valued at approximately $33,000. Finally, Motiv8 Investments LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $31,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Barclays raised their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. UBS Group upped their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $117.36.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $98.43 on Friday. The stock has a market capitalization of $32.74 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 4.51 and a beta of 0.25. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The business has a 50-day moving average of $106.28 and a 200 day moving average of $102.74. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $125.32.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. The firm's revenue was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.35 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.

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