Northside Capital Management LLC Makes New $269,000 Investment in Kimberly-Clark Co. $KMB

Key Points

• Northside Capital Management LLC has made a new investment of approximately $269,000 in Kimberly-Clark Co., acquiring 2,084 shares during the second quarter.
• Following various research reports, analysts have updated their ratings and price targets for KMB, with JPMorgan upgrading it from "underweight" to "neutral" and raising the target price to $138.00.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, resulting in an annualized dividend yield of 4.1% and a payout ratio of 69.42%.

Northside Capital Management LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,084 shares of the company's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. BCS Wealth Management purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $1,808,000. Norden Group LLC increased its stake in shares of Kimberly-Clark by 12.7% during the second quarter. Norden Group LLC now owns 6,443 shares of the company's stock worth $831,000 after buying an additional 724 shares during the period. Accurate Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $242,000. Fifth Third Bancorp increased its stake in shares of Kimberly-Clark by 9.7% during the second quarter. Fifth Third Bancorp now owns 31,345 shares of the company's stock worth $4,041,000 after buying an additional 2,766 shares during the period. Finally, Waycross Partners LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth approximately $357,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. UBS Group cut their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays upped their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Finally, Evercore ISI lowered their price target on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $142.20.

Kimberly-Clark Stock Performance

Shares of KMB opened at $123.82 on Wednesday. The stock has a 50 day moving average price of $129.62 and a 200 day moving average price of $133.70. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. 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 posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 earnings per share. Research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is presently 69.42%.

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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