Rockland Trust Co. Increases Holdings in Kimberly-Clark Corporation $KMB

Key Points

• Rockland Trust increased its Kimberly-Clark holdings by 23.7% in the second quarter, bringing its position to 96,437 shares valued at approximately $10.6 million. Institutional investors collectively own 76.29% of KMB’s outstanding stock.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, below the $2.01 analyst consensus, while revenue of $4.19 billion was slightly below expectations but up 0.6% year over year.
• The company declared a quarterly dividend of $1.28 per share, equivalent to a 4.7% yield, while analysts maintain a consensus “Hold” rating with an average price target of $117.93.

Rockland Trust Co. lifted its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 23.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,437 shares of the company's stock after purchasing an additional 18,494 shares during the period. Rockland Trust Co.'s holdings in Kimberly-Clark were worth $10,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Greatmark Investment Partners Inc. raised its position in shares of Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company's stock worth $356,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings 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 valued at $3,834,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Kimberly-Clark by 0.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock worth $1,523,000 after buying an additional 100 shares in the last quarter. AdvisorNet Financial Inc increased its position in Kimberly-Clark by 18.3% during the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock worth $64,000 after buying an additional 103 shares in the last quarter. Finally, Core Wealth Partners LLC raised its holdings in shares of Kimberly-Clark by 2.6% in the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company's stock worth $439,000 after acquiring an additional 112 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $109.68 on Friday. The stock has a market capitalization of $36.48 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 4.84 and a beta of 0.26. The stock's fifty day simple moving average is $106.84 and its 200-day simple moving average is $102.84. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $137.29. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

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

Kimberly-Clark Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on KMB. TD Cowen increased their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday. Piper Sandler boosted their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an "overweight" rating in a research note on Wednesday, June 17th. Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a report on Tuesday. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average 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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