Kimberly-Clark Co. $KMB Stock Position Lifted by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,919 shares of the company’s stock after buying an additional 349 shares during the period. Harbor Investment Advisory LLC’s holdings in Kimberly-Clark were worth $634,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Pacific Financial bought a new position in Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC lifted its holdings in Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Elequin Capital LP bought a new position in Kimberly-Clark during the 1st quarter worth approximately $36,000. AlphaCore Capital LLC bought a new position in Kimberly-Clark during the 1st quarter worth approximately $37,000. Finally, Rossby Financial LCC bought a new position in Kimberly-Clark during the 1st quarter worth approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.1%

KMB opened at $127.99 on Friday. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market cap of $42.46 billion, a P/E ratio of 16.95, a P/E/G ratio of 4.46 and a beta of 0.32. The stock’s 50 day moving average price is $130.33 and its 200 day moving average price is $134.55.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period last year, the firm earned $1.96 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

Analysts Set New Price Targets

KMB has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler initiated coverage on Kimberly-Clark in a research report on Friday, July 18th. They set an “overweight” rating and a $144.00 price target on the stock. UBS Group dropped their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Finally, Barclays increased their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $142.70.

About Kimberly-Clark

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.