Mather Group LLC. Acquires 3,265 Shares of Kimberly-Clark Co. $KMB

Key Points

• Mather Group LLC increased its stake in Kimberly-Clark by 36.0%, acquiring an additional 3,265 shares during the second quarter, bringing its total holdings to 12,345 shares valued at approximately $1.59 million.
• Kimberly-Clark reported earnings of $1.92 per share for the most recent quarter, surpassing analysts' expectations of $1.67, despite a 1.6% year-over-year revenue decline.
• The company announced a quarterly dividend of $1.26 per share, set to be paid on October 2nd, representing an annual yield of 4.1%.

Mather Group LLC. boosted its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 36.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,345 shares of the company's stock after acquiring an additional 3,265 shares during the quarter. Mather Group LLC.'s holdings in Kimberly-Clark were worth $1,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new stake in Kimberly-Clark in the 1st quarter valued at $26,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after acquiring an additional 125 shares during the period. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at $36,000. AlphaCore Capital LLC acquired a new stake in shares of Kimberly-Clark in the 1st quarter valued at $37,000. Finally, Rossby Financial LCC bought a new stake in shares of Kimberly-Clark in the 1st quarter worth about $37,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Up 0.1%

NYSE:KMB opened at $123.93 on Thursday. The company has a market cap of $41.12 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock's fifty day moving average price is $129.54 and its two-hundred day moving average price is $133.63. Kimberly-Clark Co. has a 52-week low of $122.58 and a 52-week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share 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 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 previous year, the company posted $1.96 earnings per share. The firm's quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Wall Street Analyst Weigh In

KMB has been the subject of several analyst reports. Piper Sandler began coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday. JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group decreased their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Finally, Barclays lifted their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $142.20.

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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