Flputnam Investment Management Co. Takes $1.39 Million Position in Kimberly-Clark Corporation $KMB

Key Points

• Flputnam Investment Management purchased 12,625 Kimberly-Clark shares worth approximately $1.39 million during the second quarter. Institutional investors and hedge funds collectively own 76.29% of KMB’s outstanding shares.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, below the $2.01 analyst consensus, while revenue of $4.19 billion also slightly missed estimates. Revenue increased 0.6% year over year.
• The company declared a quarterly dividend of $1.28, equivalent to $5.12 annually and a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93, compared with the stock’s $107.91 opening price.

Flputnam Investment Management Co. purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,625 shares of the company's stock, valued at approximately $1,386,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KMB. Godfrey Financial Associates Inc. bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the second quarter worth approximately $27,000. CrossGen Wealth LLC bought a new position in Kimberly-Clark during the 4th quarter worth $27,000. Motiv8 Investments LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $31,000. Finally, Entrust Financial LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $107.91 on Tuesday. The business has a 50 day moving average of $108.30 and a 200-day moving average of $103.19. The company has a market capitalization of $35.89 billion, a P/E ratio of 18.35, a P/E/G ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $136.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 earnings per share. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's dividend payout ratio is presently 87.07%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Wells Fargo & Company upped their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Piper Sandler lifted their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an "overweight" rating in a research note on Wednesday, June 17th. Finally, Freedom Capital raised Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One equities research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $117.93.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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