Fulton Bank N.A. Increases Holdings in Kimberly-Clark Co. $KMB

Key Points

• Fulton Bank N.A. increased its stake in Kimberly-Clark Co. by 86.8%, acquiring an additional 7,028 shares during the second quarter, bringing its total holdings to 15,127 shares valued at $1,950,000.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have also boosted their stakes in Kimberly-Clark, with institutional ownership currently at 76.29%.
• Kimberly-Clark recently declared a quarterly dividend of $1.26, yielding 4.0%, which will be paid to shareholders on October 2nd.

Fulton Bank N.A. raised its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 86.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,127 shares of the company's stock after purchasing an additional 7,028 shares during the period. Fulton Bank N.A.'s holdings in Kimberly-Clark were worth $1,950,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KMB. First Pacific Financial acquired a new position in Kimberly-Clark during the 1st quarter worth $26,000. Financial Network Wealth Advisors LLC grew its holdings in Kimberly-Clark by 176.1% during 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 last quarter. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark during the first quarter worth $36,000. Rossby Financial LCC acquired a new position in Kimberly-Clark in the first quarter valued at $37,000. Finally, AlphaCore Capital LLC acquired a new position in Kimberly-Clark in the first quarter valued at $37,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. Barclays boosted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Evercore ISI decreased their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday. Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target for the company. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, UBS Group reduced their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $142.20.

Kimberly-Clark Stock Down 0.4%

Shares of NYSE:KMB traded down $0.55 during midday trading on Monday, hitting $124.07. 2,683,760 shares of the company's stock were exchanged, compared to its average volume of 2,330,537. Kimberly-Clark Co. has a 12 month low of $123.80 and a 12 month high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a 50 day moving average price of $129.67 and a 200-day moving average price of $133.77. The company has a market cap of $41.16 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS 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 analysts' expectations of $4.85 billion. During the same period in the prior year, the company posted $1.96 EPS. Kimberly-Clark's revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio is currently 69.42%.

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.