Integrated Wealth Concepts LLC Grows Stake in Kimberly-Clark Corporation $KMB

Key Points

• Integrated Wealth Concepts LLC increased its Kimberly-Clark stake by 230.7% in the second quarter, owning 78,956 shares valued at approximately $8.7 million. Institutional investors collectively hold 76.29% of KMB’s stock.
• Analyst sentiment remains mixed but leans neutral: KMB has an average rating of “Hold” and an average price target of $117.57, despite recent upgrades from several firms.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue reached $4.19 billion. The company declared a $1.28 quarterly dividend, representing a 5.2% annualized yield.

Integrated Wealth Concepts LLC increased its position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 230.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,956 shares of the company's stock after acquiring an additional 55,084 shares during the period. Integrated Wealth Concepts LLC's holdings in Kimberly-Clark were worth $8,667,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KMB. Ally Financial Inc. purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $1,009,000. Legal & General Group Plc purchased a new position in Kimberly-Clark during the second quarter valued at $223,668,000. Westpac Banking Corp lifted its position in Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company's stock valued at $5,462,000 after purchasing an additional 10,811 shares in the last quarter. Oddo BHF Asset Management Sas grew its holdings in Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company's stock valued at $6,234,000 after purchasing an additional 14,115 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Kimberly-Clark during the fourth quarter valued at about $1,047,000. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on KMB. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. Finally, UBS Group upped their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $117.57.

Kimberly-Clark Trading Down 0.2%

KMB stock opened at $98.48 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $130.02. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a market capitalization of $32.75 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 4.12 and a beta of 0.25. The business has a 50 day simple moving average of $109.02 and a two-hundred day simple moving average of $103.47.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the business earned $1.92 EPS. The company's quarterly revenue was up .6% on a year-over-year basis. Research analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 5.2%. Kimberly-Clark's payout ratio is presently 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.

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