Kimberly-Clark Co. $KMB Stake Lifted by Canvas Wealth Advisors LLC

Key Points

• Canvas Wealth Advisors LLC increased its stake in Kimberly-Clark Co. by 51.7% during the second quarter, holding shares worth approximately $872,000.
• Analysts are generally cautious on Kimberly-Clark, with firms like Wells Fargo and Citigroup reducing their price targets and issuing ratings between "Hold" and "Sell".
• The company recently declared a quarterly dividend of $1.26 per share, offering a 4.2% dividend yield with a payout ratio of 69.42%.

Canvas Wealth Advisors LLC increased its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 51.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,877 shares of the company's stock after acquiring an additional 2,343 shares during the period. Canvas Wealth Advisors LLC's holdings in Kimberly-Clark were worth $872,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KMB. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark during the second quarter worth approximately $25,000. First Pacific Financial bought a new stake in Kimberly-Clark during the first quarter worth approximately $26,000. Princeton Global Asset Management LLC boosted its holdings in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company's stock worth $27,000 after buying an additional 188 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after buying an additional 125 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in Kimberly-Clark during the first quarter worth approximately $36,000. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KMB shares. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Citigroup reduced their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research report on Thursday, October 9th. Evercore ISI reduced their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday, September 22nd. Piper Sandler reduced their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Finally, Barclays reduced their price target on shares of 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $137.00.

Kimberly-Clark Stock Up 1.5%

KMB stock opened at $121.44 on Monday. Kimberly-Clark Co. has a 12-month low of $118.18 and a 12-month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 4.46 and a beta of 0.30. The company has a 50 day moving average of $126.65 and a two-hundred day moving average of $131.20.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its 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 net margin of 12.69% and a return on equity of 201.43%. The company 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. The company's revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

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

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