Envestnet Portfolio Solutions Inc. Has $2.24 Million Holdings in Kimberly-Clark Co. $KMB

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Kimberly-Clark Co. by 23.6% during Q2, owning 17,375 shares valued at $2.24 million.
• Kimberly-Clark reported an earnings per share of $1.92 for the last quarter, exceeding analysts' expectations, but its revenue fell 1.6% year-over-year.
• The company declared a quarterly dividend of $1.26, resulting in an annualized yield of 4.2% with a payout ratio of 69.42%.

Envestnet Portfolio Solutions Inc. grew its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 23.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,375 shares of the company's stock after purchasing an additional 3,321 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Kimberly-Clark were worth $2,240,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC boosted its position in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $25,000. Elequin Capital LP purchased a new stake in shares of Kimberly-Clark during the 1st quarter valued at $36,000. Finally, AlphaCore Capital LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter valued at $37,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $119.70 on Friday. The company 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. 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 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 12-month low of $118.18 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its 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 company had revenue of $4.16 billion during 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%.Kimberly-Clark's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark's payout ratio is 69.42%.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. Piper Sandler decreased 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. Evercore ISI decreased 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, September 22nd. Barclays decreased their price objective on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Finally, Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $137.00.

About Kimberly-Clark

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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