Salem Investment Counselors Inc. Acquires 2,421 Shares of Kimberly-Clark Co. $KMB

Key Points

• Salem Investment Counselors Inc. increased its stake in Kimberly-Clark Co. by 3.7%, acquiring an additional 2,421 shares, bringing their total to 67,219 shares valued at approximately $8.74 million.
• Kimberly-Clark recently reported an EPS of $1.92 for the last quarter, exceeding analysts' estimates of $1.67, despite a 1.6% decrease in revenue year-over-year.
• The company announced a quarterly dividend of $1.26, set to be paid on October 2nd, providing an annual yield of 3.9% and reflecting a payout ratio of 69.42%.

Salem Investment Counselors Inc. boosted its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,219 shares of the company's stock after buying an additional 2,421 shares during the period. Salem Investment Counselors Inc.'s holdings in Kimberly-Clark were worth $8,738,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Fiduciary Financial Group LLC increased its position in Kimberly-Clark by 15.3% in the 2nd quarter. Fiduciary Financial Group LLC now owns 4,096 shares of the company's stock worth $539,000 after buying an additional 544 shares during the period. Harbor Investment Advisory LLC grew its holdings in shares of Kimberly-Clark by 7.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,919 shares of the company's stock worth $634,000 after purchasing an additional 349 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $1,802,000. Swedbank AB grew its holdings in shares of Kimberly-Clark by 1.9% during the 1st quarter. Swedbank AB now owns 171,872 shares of the company's stock worth $24,444,000 after purchasing an additional 3,253 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Kimberly-Clark by 6.1% during the 1st quarter. Voya Investment Management LLC now owns 162,307 shares of the company's stock worth $23,083,000 after purchasing an additional 9,344 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $127.99 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market cap of $42.46 billion, a P/E ratio of 16.95, a P/E/G ratio of 4.46 and a beta of 0.32. The business's fifty day moving average is $130.33 and its two-hundred day moving average is $134.55. Kimberly-Clark Co. has a 52 week low of $124.10 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 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business's revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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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