Baird Financial Group Inc. raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 23.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,251 shares of the company’s stock after purchasing an additional 22,423 shares during the quarter. Baird Financial Group Inc.’s holdings in Kimberly-Clark were worth $12,761,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Godfrey Financial Associates Inc. bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at $31,000. Finally, Entrust Financial LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at $32,000. 76.29% of the stock is currently owned by institutional investors.
Kimberly-Clark Stock Performance
KMB stock opened at $98.15 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The business’s fifty day simple moving average is $108.69 and its two-hundred day simple moving average is $103.44. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $129.87. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 4.11 and a beta of 0.25.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its 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 company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. Analysts predict that Kimberly-Clark Corporation will post 7.37 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is currently 87.07%.
Wall Street Analysts Forecast Growth
KMB has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Thursday. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Barclays raised their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Finally, UBS Group upped their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $117.36.
Read Our Latest Research Report on Kimberly-Clark
Kimberly-Clark Profile
Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.
Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.
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