Intrua Financial LLC Purchases New Shares in Kimberly-Clark Co. $KMB

Key Points

• Intrua Financial LLC invested approximately $596,000 in Kimberly-Clark Co., purchasing 4,189 shares in the first quarter, as reported in their latest SEC filing.
• Kimberly-Clark's quarterly earnings showed an EPS of $1.92, surpassing estimates, but revenue fell by 1.6% year-over-year to $4.16 billion.
• The company declared a quarterly dividend of $1.26 per share, with a dividend yield of 3.9%, to be paid on October 2nd to investors of record by September 5th.

Intrua Financial LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,189 shares of the company's stock, valued at approximately $596,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kimberly-Clark by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company's stock worth $5,011,188,000 after acquiring an additional 92,920 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock worth $1,601,968,000 after acquiring an additional 674,046 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Kimberly-Clark by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company's stock worth $1,151,309,000 after acquiring an additional 566,152 shares in the last quarter. Invesco Ltd. grew its holdings in Kimberly-Clark by 3.1% during the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company's stock worth $828,811,000 after acquiring an additional 173,915 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Kimberly-Clark by 0.9% during the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company's stock worth $492,091,000 after acquiring an additional 29,453 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Barclays upped their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Stock Performance

KMB stock traded down $2.52 on Monday, hitting $125.47. The company's stock had a trading volume of 3,077,549 shares, compared to its average volume of 2,306,897. The firm has a 50 day moving average of $130.21 and a two-hundred day moving average of $134.39. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The stock has a market cap of $41.63 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. Kimberly-Clark's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.0%. Kimberly-Clark's dividend payout ratio is 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.