Patrick Mauro Investment Advisor INC. Invests $8.14 Million in Kimberly-Clark Corporation $KMB

Patrick Mauro Investment Advisor INC. bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 74,186 shares of the company’s stock, valued at approximately $8,143,000. Kimberly-Clark comprises approximately 4.1% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $27,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $27,000. Motiv8 Investments LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $31,000. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $109.88 on Thursday. The stock has a market cap of $36.54 billion, a PE ratio of 18.69, a P/E/G ratio of 5.13 and a beta of 0.26. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $136.17. The company has a 50-day moving average price of $108.61 and a 200 day moving average price of $103.33. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.28 dividend. 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

Several equities research analysts have weighed in on the company. UBS Group boosted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $117.93.

About Kimberly-Clark

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.