Meeder Advisory Services Inc. Invests $666,000 in Kimberly-Clark Corporation $KMB

Meeder Advisory Services Inc. purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,068 shares of the company’s stock, valued at approximately $666,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Kimberly-Clark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the last quarter. BlackRock Inc. acquired a new position in Kimberly-Clark in the 2nd quarter valued at $3,547,915,000. State Street Corp increased its stake in Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock valued at $2,157,746,000 after buying an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. raised its position in Kimberly-Clark by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after buying an additional 299,382 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Kimberly-Clark by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after buying an additional 65,619 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KMB. Barclays lifted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. TD Cowen increased their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” 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. UBS Group lifted their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $108.69 on Friday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $134.38. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The firm has a 50 day moving average price of $108.75 and a 200 day moving average price of $103.39. The company has a market cap of $36.15 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 5.23 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $4.22 billion. During the same period last year, the company posted $1.92 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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 paid a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 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.