Kimberly-Clark Corporation $KMB Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its Kimberly-Clark stake by 3.5% in the second quarter, adding 20,300 shares to own 595,464 shares valued at approximately $65.4 million. Institutional investors collectively own 76.29% of the company.
• Analyst sentiment remains mixed, with Kimberly-Clark holding a consensus “Hold” rating and an average price target of $117.93. Recent actions included upgrades to “Buy” and “Strong Buy,” while Barclays raised its target to $115 but maintained an “Equal Weight” rating.
• Kimberly-Clark shares opened at $102.93, while the company’s latest quarterly results missed expectations with EPS of $1.80 versus $2.01 forecast and revenue of $4.19 billion. The company declared a quarterly dividend of $1.28, equating to an annualized $5.12 payout and a 5.0% yield.

NewEdge Advisors LLC raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 3.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 595,464 shares of the company's stock after purchasing an additional 20,300 shares during the period. NewEdge Advisors LLC owned 0.18% of Kimberly-Clark worth $65,364,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock valued at $3,834,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock worth $1,523,000 after buying an additional 100 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock worth $64,000 after acquiring an additional 103 shares in the last quarter. Core Wealth Partners LLC increased its holdings in shares of Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company's stock valued at $439,000 after acquiring an additional 112 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Kimberly-Clark by 0.6% during the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company's stock valued at $1,950,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on KMB. Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Piper Sandler reaffirmed an "overweight" rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Barclays increased their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Finally, Freedom Capital upgraded Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Stock Down 1.9%

KMB opened at $102.93 on Wednesday. The stock's 50 day moving average price is $109.60 and its 200 day moving average price is $103.62. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a market cap of $34.23 billion, a P/E ratio of 17.51, a P/E/G ratio of 4.39 and a beta of 0.25. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $131.53.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 EPS. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's dividend payout ratio is currently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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