Venture Visionary Partners LLC Increases Stake in Kimberly-Clark Co. $KMB

Venture Visionary Partners LLC increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,536 shares of the company’s stock after buying an additional 186 shares during the period. Venture Visionary Partners LLC’s holdings in Kimberly-Clark were worth $585,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Pacific Financial purchased a new stake in Kimberly-Clark during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC increased its stake 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 period. Investment Research & Advisory Group Inc. purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $25,000. Elequin Capital LP purchased a new stake in Kimberly-Clark during the 1st quarter worth approximately $36,000. Finally, AlphaCore Capital LLC purchased a new stake in Kimberly-Clark during the 1st quarter worth approximately $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on KMB. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective on the stock. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $140.40.

Kimberly-Clark Trading Down 0.9%

NYSE KMB opened at $123.23 on Thursday. 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 firm’s fifty day moving average price is $129.05 and its 200 day moving average price is $132.96. The company has a market capitalization of $40.89 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 12 month low of $121.02 and a 12 month high of $150.45.

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

Kimberly-Clark Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is 69.42%.

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.