Beacon Financial Advisory LLC Raises Stock Position in Kimberly-Clark Co. $KMB

Beacon Financial Advisory LLC grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 7,373 shares of the company’s stock after purchasing an additional 144 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Kimberly-Clark were worth $951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Simplicity Wealth LLC purchased a new stake in Kimberly-Clark during the second quarter worth about $480,000. Wealthcare Advisory Partners LLC increased its stake in Kimberly-Clark by 13.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,534 shares of the company’s stock worth $584,000 after purchasing an additional 529 shares during the period. Clarius Group LLC increased its stake in Kimberly-Clark by 46.8% during the second quarter. Clarius Group LLC now owns 4,797 shares of the company’s stock worth $618,000 after purchasing an additional 1,529 shares during the period. Elevate Capital Advisors LLC increased its stake in Kimberly-Clark by 33.2% during the second quarter. Elevate Capital Advisors LLC now owns 16,578 shares of the company’s stock worth $2,137,000 after purchasing an additional 4,134 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Kimberly-Clark by 65.7% during the second quarter. QRG Capital Management Inc. now owns 181,745 shares of the company’s stock worth $23,431,000 after buying an additional 72,089 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Barclays lowered their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday. Piper Sandler lowered their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore ISI lowered their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $140.50.

Kimberly-Clark Stock Performance

Shares of KMB opened at $122.58 on Friday. The stock has a 50 day moving average price of $128.85 and a 200 day moving average price of $132.68. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 52-week low of $121.02 and a 52-week high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 earnings per share. Research analysts predict 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. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is presently 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.