Sanctuary Advisors LLC Takes $11.55 Million Position in Kimberly-Clark Corporation $KMB

Key Points

• Sanctuary Advisors acquired 105,247 Kimberly-Clark shares in the second quarter, representing an approximately $11.55 million position. Institutional investors collectively own 76.29% of the company.
• Analyst sentiment remains mixed, with Kimberly-Clark carrying a consensus “Hold” rating and an average price target of $117.93, despite some firms upgrading the stock to “Buy” or “Strong Buy.”
• Kimberly-Clark reported quarterly earnings of $1.80 per share, below the $2.01 consensus estimate, while revenue reached $4.19 billion. The company declared a quarterly dividend of $1.28 per share, equivalent to a 4.6% annualized yield.

Sanctuary Advisors LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 105,247 shares of the company's stock, valued at approximately $11,553,000.

Other institutional investors also recently bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $27,000. Motiv8 Investments LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth $31,000. Finally, Entrust Financial LLC purchased a new position in Kimberly-Clark during the fourth quarter valued at $32,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. TD Cowen increased their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Finally, Freedom Capital raised Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Trading Up 1.9%

Shares of NASDAQ KMB opened at $111.37 on Tuesday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $133.94. The business has a fifty day moving average price of $109.06 and a 200 day moving average price of $103.54. The stock has a market capitalization of $37.04 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced 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 net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business earned $1.92 earnings per share. Kimberly-Clark's revenue was up .6% on a year-over-year basis. Equities research analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. Kimberly-Clark's dividend payout ratio is presently 87.07%.

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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