NewEdge Advisors LLC Increases Stock Position in Kimberly-Clark Corporation $KMB

NewEdge Advisors LLC raised its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 916.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 575,164 shares of the company’s stock after purchasing an additional 518,571 shares during the period. NewEdge Advisors LLC’s holdings in Kimberly-Clark were worth $55,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in KMB. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark in the 4th quarter worth approximately $27,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark in the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $108.66 on Friday. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 4.87 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.55 and a current ratio of 0.91. The stock has a 50 day moving average price of $106.60 and a 200-day moving average price of $102.79. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 EPS. Equities analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

Analysts Set New Price Targets

A number of research firms have recently commented on KMB. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Piper Sandler upped their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday. UBS Group lifted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, TD Cowen boosted their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.