Kimberly-Clark Co. $KMB Stock Holdings Boosted by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue increased its holdings in Kimberly-Clark Co. by 6.1%, owning 58,208 shares valued at approximately $7.5 million.
• Kimberly-Clark reported a quarterly EPS of $1.92, exceeding analysts' estimates, but its revenue decreased by 1.6% year-over-year.
• The company announced a quarterly dividend of $1.26 per share, representing an annualized yield of 4.1%, with a payout ratio of 69.42%.

State of Alaska Department of Revenue lifted its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,208 shares of the company's stock after buying an additional 3,360 shares during the period. State of Alaska Department of Revenue's holdings in Kimberly-Clark were worth $7,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Pacific Financial purchased a new position in Kimberly-Clark in the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after buying an additional 125 shares in the last quarter. Elequin Capital LP acquired a new position in Kimberly-Clark in the first quarter worth approximately $36,000. AlphaCore Capital LLC bought a new position in Kimberly-Clark during the first quarter valued at approximately $37,000. Finally, Rossby Financial LCC acquired a new stake in Kimberly-Clark in the first quarter valued at approximately $37,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.4%

KMB stock opened at $122.23 on Friday. Kimberly-Clark Co. has a twelve month low of $121.02 and a twelve 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 $40.55 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The business's 50-day simple moving average is $129.31 and its 200 day simple moving average is $133.26.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. Kimberly-Clark's payout ratio is presently 69.42%.

Analysts Set New Price Targets

Several research firms recently issued reports on KMB. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Thursday. Piper Sandler initiated coverage on Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Barclays boosted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $141.20.

Kimberly-Clark Profile

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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