Journey Strategic Wealth LLC Purchases Shares of 4,035 Kimberly-Clark Corporation $KMB

Journey Strategic Wealth LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,035 shares of the company’s stock, valued at approximately $520,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio bought a new stake in Kimberly-Clark during the 1st quarter valued at approximately $12,854,000. Citigroup Inc. grew its holdings in Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after buying an additional 236,733 shares in the last quarter. Zions Bancorporation National Association UT raised its position in shares of Kimberly-Clark by 5,204.3% during the second quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock valued at $4,137,000 after buying an additional 31,486 shares during the last quarter. Nuance Investments LLC lifted its holdings in shares of Kimberly-Clark by 35.1% in the second quarter. Nuance Investments LLC now owns 149,384 shares of the company’s stock worth $19,259,000 after buying an additional 38,789 shares in the last quarter. Finally, Nordwand Advisors LLC bought a new position in shares of Kimberly-Clark during the second quarter worth $544,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. TD Cowen reduced their price target on shares of Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Evercore ISI reaffirmed an “in-line” rating and issued a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Morgan Stanley cut their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Finally, Piper Sandler reduced their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $128.91.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $105.18 on Friday. The stock has a market cap of $34.90 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a 50 day moving average price of $116.01 and a 200-day moving average price of $126.67. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.Kimberly-Clark’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS. Equities analysts expect that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, December 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 85.28%.

Kimberly-Clark Profile

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.