Morningstar Investment Management LLC Makes New $485,000 Investment in Kimberly-Clark Co. $KMB

Key Points

• Morningstar Investment Management LLC has made a new investment in Kimberly-Clark Co., acquiring 3,765 shares valued at approximately $485,000.
• Kimberly-Clark recently reported earnings that exceeded analysts' expectations, with a reported $1.92 EPS compared to the expected $1.67 EPS.
• The company has announced a quarterly dividend of $1.26, representing an annualized dividend yield of 4.2%.

Morningstar Investment Management LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,765 shares of the company's stock, valued at approximately $485,000.

Several other hedge funds also recently bought and sold shares of the stock. Investment Research & Advisory Group Inc. purchased a new position in shares of Kimberly-Clark in the second quarter valued at approximately $25,000. First Pacific Financial purchased a new position in shares of Kimberly-Clark in the first quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after purchasing an additional 125 shares during the period. Elequin Capital LP purchased a new position in shares of Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, Rossby Financial LCC purchased a new stake in Kimberly-Clark during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Up 0.8%

Shares of NYSE:KMB opened at $120.17 on Wednesday. The company has a market capitalization of $39.87 billion, a PE ratio of 15.92, a P/E/G ratio of 4.46 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $118.18 and a twelve month high of $150.45. The firm has a 50 day simple moving average of $127.62 and a 200-day simple moving average of $131.76.

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, beating analysts' consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 EPS. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark's payout ratio is presently 69.42%.

Analysts Set New Price Targets

KMB has been the topic of several recent research reports. Piper Sandler cut their price target on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, October 2nd. Barclays decreased their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 1st. Wells Fargo & Company decreased their price target 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, September 25th. JPMorgan Chase & Co. decreased their price target on shares of Kimberly-Clark from $144.00 to $127.00 and set a "neutral" rating for the company in a research note on Friday, October 10th. Finally, UBS Group decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $137.00.

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.

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