HBK Sorce Advisory LLC Takes Position in Kimberly-Clark Corporation $KMB

Key Points

• HBK Sorce Advisory acquired 9,064 Kimberly-Clark shares worth approximately $1.02 million during the second quarter. Institutional investors collectively own 76.29% of the company.
• Analysts have a consensus “Hold” rating with an average price target of $117.93, although several firms recently raised their targets and Seaport Research Partners upgraded the stock to “Buy.”
• Kimberly-Clark’s latest quarterly earnings missed estimates, with EPS of $1.80 versus the $2.01 consensus and revenue of $4.19 billion. The company declared a quarterly dividend of $1.28 per share, representing a 4.6% annualized yield.

HBK Sorce Advisory LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,064 shares of the company's stock, valued at approximately $1,019,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the second quarter valued at $27,000. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $25,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $27,000. Clearstead Trust LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth about $33,000. Finally, Motiv8 Investments LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. TD Cowen increased their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Piper Sandler raised their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an "overweight" rating in a research report on Wednesday, June 17th. Finally, Barclays boosted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $117.93.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $110.39 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The company has a 50 day moving average price of $108.10 and a 200-day moving average price of $103.14. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17. The firm has a market capitalization of $36.71 billion, a PE ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data 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). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the company earned $1.92 EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark's dividend payout ratio is presently 87.07%.

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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