NewEdge Advisors LLC Acquires 5,410 Shares of Kimberly-Clark Co. $KMB

Key Points

• NewEdge Advisors LLC increased its holdings in Kimberly-Clark Co. by 16.0%, purchasing an additional 5,410 shares, bringing their total to 39,237 shares valued at approximately $5.58 million.
• Multiple research analysts have recently revised their price targets for Kimberly-Clark, with Piper Sandler setting a price objective of $144.00 and UBS Group lowering theirs from $146.00 to $139.00.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, representing a 3.9% yield, with the dividend payment scheduled for October 2nd and the ex-dividend date on September 5th.

NewEdge Advisors LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 16.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,237 shares of the company's stock after purchasing an additional 5,410 shares during the period. NewEdge Advisors LLC's holdings in Kimberly-Clark were worth $5,580,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC raised 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 acquiring an additional 125 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $29,000. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $37,000. Institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Barclays raised their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Trading Down 1.1%

KMB traded down $1.48 during trading on Friday, reaching $127.99. 1,442,291 shares of the company's stock were exchanged, compared to its average volume of 2,302,469. The firm has a market capitalization of $42.46 billion, a PE ratio of 16.95, a P/E/G ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company's fifty day moving average price is $130.33 and its 200-day moving average price is $134.55. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate 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 firm's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's payout ratio is currently 69.42%.

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.