Global Retirement Partners LLC Acquires Shares of 11,453 Kimberly-Clark Corporation $KMB

Global Retirement Partners LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, HoldingsChannel.com reports. The firm purchased 11,453 shares of the company’s stock, valued at approximately $1,257,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 2nd quarter valued at $27,000. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark during the fourth quarter worth about $25,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark in the 4th quarter valued at approximately $27,000. Clearstead Trust LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $33,000. Finally, Motiv8 Investments LLC acquired a new position in Kimberly-Clark during the fourth quarter worth about $31,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $107.91 on Tuesday. The firm’s 50-day simple moving average is $108.30 and its 200 day simple moving average is $103.19. The stock has a market cap of $35.89 billion, a P/E ratio of 18.35, a P/E/G ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $136.17. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly 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). The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 earnings per share. Equities analysts expect that Kimberly-Clark Corporation will post 7.43 EPS 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 issued a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Analyst Ratings Changes

A number of research firms have recently weighed in on KMB. Barclays boosted their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Piper Sandler raised their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.