Kimberly-Clark Co. $KMB Shares Purchased by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC increased its holdings in Kimberly-Clark Co. by 130.9% during the second quarter, now owning 8,547 shares valued at approximately $1.1 million.
• Kimberly-Clark reported $1.92 earnings per share for the last quarter, exceeding analysts' expectations of $1.67, but its revenue decreased by 1.6% year-over-year.
• The company declared a quarterly dividend of $1.26 per share, yielding 4.2% annually, with a payout ratio of 69.42%.

Verdence Capital Advisors LLC boosted its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 130.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,547 shares of the company's stock after acquiring an additional 4,845 shares during the quarter. Verdence Capital Advisors LLC's holdings in Kimberly-Clark were worth $1,102,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. purchased a new position in Kimberly-Clark in the second quarter worth $25,000. First Pacific Financial purchased a new position in Kimberly-Clark in the first quarter worth $26,000. Financial Network Wealth Advisors LLC raised its position in Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Elequin Capital LP purchased a new position in Kimberly-Clark in the first quarter worth $36,000. Finally, Rossby Financial LCC purchased a new position in Kimberly-Clark in the first quarter worth $37,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Down 0.3%

Kimberly-Clark stock opened at $119.27 on Tuesday. The stock has a market cap of $39.57 billion, a PE ratio of 15.80, a P/E/G ratio of 4.46 and a beta of 0.30. The stock has a 50-day moving average price of $127.90 and a 200 day moving average price of $131.84. Kimberly-Clark Co. has a 52 week low of $118.18 and a 52 week high of $150.45. 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 issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the company earned $1.96 EPS. The firm's quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KMB shares. UBS Group dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Piper Sandler dropped their price target on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Wells Fargo & Company dropped their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Evercore ISI dropped their price target on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, September 22nd. Finally, Barclays dropped their price target on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $137.00.

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.

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