Dearborn Partners LLC Invests $593,000 in Kimberly-Clark Corporation $KMB

Dearborn Partners LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, HoldingsChannel reports. The fund purchased 6,151 shares of the company’s stock, valued at approximately $593,000.

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

Kimberly-Clark Price Performance

KMB stock opened at $111.37 on Tuesday. The firm has a 50 day simple moving average of $109.06 and a two-hundred day simple moving average of $103.54. The stock has a market cap of $37.04 billion, a PE ratio of 18.94, a P/E/G ratio of 5.20 and a beta of 0.26. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $133.94. 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) last posted its quarterly earnings data 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 company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the business posted $1.92 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, Barclays raised their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $117.93.

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.