Apexium Financial LP Has $1.77 Million Holdings in Kimberly-Clark Co. $KMB

Key Points

• Apexium Financial LP increased its stake in Kimberly-Clark Co. by 33.3%, owning 12,334 shares valued at approximately $1.77 million following the first quarter.
• Kimberly-Clark recently reported quarterly earnings of $1.92 EPS, surpassing analyst expectations, but its revenue of $4.16 billion fell short of estimates.
• The company declared a quarterly dividend of $1.26 per share, which reflects an annualized dividend yield of 3.8% and a payout ratio of 69.42%.

Apexium Financial LP boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 33.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,334 shares of the company's stock after buying an additional 3,081 shares during the quarter. Apexium Financial LP's holdings in Kimberly-Clark were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KMB. Cornerstone Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after purchasing an additional 74 shares in the last quarter. Tudor Financial Inc. raised its holdings in shares of Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after purchasing an additional 75 shares in the last quarter. Park National Corp OH raised its holdings in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after purchasing an additional 77 shares in the last quarter. Hoge Financial Services LLC raised its holdings in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after purchasing an additional 77 shares in the last quarter. Finally, Nwam LLC raised its holdings in shares of Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after purchasing an additional 77 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.5%

Kimberly-Clark stock traded up $0.64 during midday trading on Friday, hitting $129.36. 621,364 shares of the stock were exchanged, compared to its average volume of 2,302,378. The company has a fifty day simple moving average of $130.51 and a two-hundred day simple moving average of $135.14. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a market capitalization of $42.92 billion, a PE ratio of 17.13, a P/E/G ratio of 4.46 and a beta of 0.33. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the company posted $1.96 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company 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 annualized dividend and a dividend yield of 3.9%. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KMB shares. Barclays boosted their price target 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 research note on Friday, July 18th. They set an "overweight" rating and a $144.00 target price for the company. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Company 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.