Frank Rimerman Advisors LLC Boosts Holdings in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Frank Rimerman Advisors LLC increased its holdings in Kimberly-Clark Co. by 72.1% in Q1, acquiring 2,437 shares for a total value of $827,000.
• Analysts have mixed ratings for Kimberly-Clark, with one sell, seven hold, and three buy ratings, and an average target price of $142.70.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, yielding 3.7%, to be paid on October 2nd.

Frank Rimerman Advisors LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 72.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,816 shares of the company's stock after acquiring an additional 2,437 shares during the period. Frank Rimerman Advisors LLC's holdings in Kimberly-Clark were worth $827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KMB. First Pacific Financial acquired a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $26,000. Minot DeBlois Advisors LLC purchased a new position in Kimberly-Clark during the fourth quarter worth $29,000. Rossby Financial LCC acquired a new position in shares of Kimberly-Clark in the first quarter worth $37,000. AlphaCore Capital LLC purchased a new stake in shares of Kimberly-Clark in the first quarter valued at $37,000. Finally, Menard Financial Group LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KMB shares. Royal Bank Of Canada dropped their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Barclays raised their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. Evercore ISI reduced their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Price Performance

KMB opened at $136.16 on Friday. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The company's 50 day simple moving average is $130.81 and its 200 day simple moving average is $134.92. The stock has a market capitalization of $45.18 billion, a PE ratio of 18.03, a P/E/G ratio of 4.46 and a beta of 0.33. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

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, beating analysts' consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the business earned $1.96 EPS. Kimberly-Clark's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

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