Matrix Trust Co Invests $2.07 Million in Kimberly-Clark Corporation $KMB

Key Points

• Matrix Trust Co. acquired 18,888 Kimberly-Clark shares worth approximately $2.07 million in the second quarter. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, missing the $2.01 consensus estimate, while revenue of $4.19 billion came in slightly below forecasts but rose 0.6% year over year.
• The company declared a quarterly dividend of $1.28, equivalent to $5.12 annually and a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93.

Matrix Trust Co acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,888 shares of the company's stock, valued at approximately $2,073,000.

Other hedge funds have also made changes to their positions in the company. Greatmark Investment Partners Inc. grew its stake in Kimberly-Clark by 2.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company's stock valued at $356,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock worth $3,834,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock valued at $1,523,000 after purchasing an additional 100 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock valued at $64,000 after purchasing an additional 103 shares in the last quarter. Finally, Core Wealth Partners LLC lifted its holdings in 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 purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $109.68 on Monday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.29. The firm's 50-day simple moving average is $106.84 and its 200-day simple moving average is $102.86. The firm has a market cap of $36.48 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 4.88 and a beta of 0.26.

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

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.07%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KMB. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. UBS Group boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday. Piper Sandler increased their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 17th. TD Cowen raised their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday. Finally, Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $117.93.

Kimberly-Clark Company Profile

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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