Pure Financial Advisors LLC Raises Stake in Kimberly-Clark Co. $KMB

Pure Financial Advisors LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 32.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,801 shares of the company’s stock after buying an additional 682 shares during the period. Pure Financial Advisors LLC’s holdings in Kimberly-Clark were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Clarity Financial LLC lifted its holdings in Kimberly-Clark by 19.0% in the second quarter. Clarity Financial LLC now owns 2,462 shares of the company’s stock valued at $317,000 after acquiring an additional 393 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Kimberly-Clark by 1.0% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 109,097 shares of the company’s stock valued at $14,065,000 after acquiring an additional 1,123 shares during the period. Trust Co. of Vermont lifted its holdings in Kimberly-Clark by 4.3% in the second quarter. Trust Co. of Vermont now owns 14,640 shares of the company’s stock valued at $1,887,000 after acquiring an additional 604 shares during the period. Impact Capital Partners LLC lifted its holdings in Kimberly-Clark by 2.0% in the second quarter. Impact Capital Partners LLC now owns 6,753 shares of the company’s stock valued at $871,000 after acquiring an additional 133 shares during the period. Finally, Childress Capital Advisors LLC lifted its holdings in Kimberly-Clark by 66.4% in the second quarter. Childress Capital Advisors LLC now owns 2,523 shares of the company’s stock valued at $325,000 after acquiring an additional 1,007 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.0%

Shares of KMB stock opened at $122.58 on Friday. 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 company has a market cap of $40.67 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 4.46 and a beta of 0.32. The stock has a 50 day simple moving average of $128.85 and a 200-day simple moving average of $132.73. Kimberly-Clark Co. has a 1-year low of $121.02 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the company earned $1.96 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is currently 69.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler decreased their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays decreased their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, UBS Group reduced their target price on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.50.

Kimberly-Clark Company 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.