Fiduciary Alliance LLC Grows Stake in Kimberly-Clark Co. $KMB

Key Points

• Fiduciary Alliance LLC increased its stake in Kimberly-Clark by 83.3%, acquiring an additional 2,785 shares during the second quarter, bringing its total holdings to 6,128 shares worth approximately $790,000.
• Several institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., also increased their positions in Kimberly-Clark, demonstrating strong institutional support for the stock.
• Analyst ratings for Kimberly-Clark show a mix of opinions, with three analysts giving it a Buy rating and six a Hold rating, reflecting a consensus target price of $142.70.

Fiduciary Alliance LLC grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 83.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,128 shares of the company's stock after acquiring an additional 2,785 shares during the quarter. Fiduciary Alliance LLC's holdings in Kimberly-Clark were worth $790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Pacific Financial bought a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC increased its stake in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after buying an additional 125 shares during the period. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the 1st quarter worth $36,000. AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the 1st quarter worth $37,000. Finally, Rossby Financial LCC bought a new position in Kimberly-Clark during the first quarter worth about $37,000. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. UBS Group reduced their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler began coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target on the stock. Finally, Barclays boosted their price objective on 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Stock Down 0.7%

Shares of NYSE:KMB traded down $0.89 during mid-day trading on Friday, hitting $124.62. 6,927,559 shares of the company traded hands, compared to its average volume of 2,328,747. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The stock has a 50-day moving average price of $129.74 and a two-hundred day moving average price of $133.97. 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 market cap of $41.35 billion, a P/E ratio of 16.51, a P/E/G ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter last year, the firm earned $1.96 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is currently 69.42%.

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.