Mutual Advisors LLC Buys 2,094 Shares of Kimberly-Clark Co. $KMB

Mutual Advisors LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,212 shares of the company's stock after purchasing an additional 2,094 shares during the quarter. Mutual Advisors LLC's holdings in Kimberly-Clark were worth $2,065,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Generali Asset Management SPA SGR raised its position in shares of Kimberly-Clark by 5.2% in the second quarter. Generali Asset Management SPA SGR now owns 35,111 shares of the company's stock valued at $4,527,000 after purchasing an additional 1,728 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Kimberly-Clark by 1.5% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,679 shares of the company's stock valued at $861,000 after acquiring an additional 100 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Kimberly-Clark by 34.1% in the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 319,445 shares of the company's stock valued at $41,180,000 after acquiring an additional 81,182 shares in the last quarter. Morningstar Investment Management LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at about $485,000. Finally, Harbour Trust & Investment Management Co grew its stake in shares of Kimberly-Clark by 21.3% in the second quarter. Harbour Trust & Investment Management Co now owns 2,002 shares of the company's stock valued at $258,000 after acquiring an additional 351 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Down 0.2%

Shares of Kimberly-Clark stock opened at $119.70 on Friday. The company has a market capitalization of $39.71 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 4.46 and a beta of 0.30. 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 Co. has a 12-month low of $118.18 and a 12-month high of $150.45. The firm's 50-day moving average price is $126.94 and its two-hundred day moving average price is $131.53.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 earnings per share. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid 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 was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is presently 69.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Evercore ISI decreased their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, September 22nd. Barclays decreased their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 1st. Finally, Piper Sandler decreased their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, October 2nd. Three research 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, the stock has an average rating of "Hold" and a consensus price target 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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