Simplicity Wealth LLC Purchases Shares of 3,722 Kimberly-Clark Co. $KMB

Key Points

• Simplicity Wealth LLC acquired 3,722 shares of Kimberly-Clark Co. valued at approximately $480,000 in the second quarter, according to a recent SEC filing.
• Wall Street analysts have mixed ratings on Kimberly-Clark, with three Buy, five Hold, and one Sell ratings and an average price target of $139.78.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, reflecting an annualized dividend yield of 4.1% with a payout ratio of 69.42%.

Simplicity Wealth LLC purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,722 shares of the company's stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Investment Research & Advisory Group Inc. bought a new stake in Kimberly-Clark during the 2nd quarter valued at $25,000. First Pacific Financial purchased a new position in Kimberly-Clark during the 1st quarter worth $26,000. Financial Network Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Elequin Capital LP purchased a new position in Kimberly-Clark during the 1st quarter worth $36,000. Finally, Rossby Financial LCC purchased a new position in Kimberly-Clark during the 1st quarter worth $37,000. Institutional investors own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of analyst reports. Barclays cut their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler cut their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, October 2nd. UBS Group cut their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Evercore ISI cut their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $139.78.

Kimberly-Clark Price Performance

NYSE KMB opened at $122.33 on Wednesday. The company has a market cap of $40.59 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 52 week low of $119.63 and a 52 week high of $150.45. 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 firm's 50-day simple moving average is $128.61 and its two-hundred day simple moving average is $132.44.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results 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. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The company's revenue was down 1.6% on a year-over-year basis. Research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. Kimberly-Clark's dividend payout ratio is currently 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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