CreativeOne Wealth LLC Purchases 625 Shares of Kimberly-Clark Co. $KMB

CreativeOne Wealth LLC raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,807 shares of the company’s stock after purchasing an additional 625 shares during the period. CreativeOne Wealth LLC’s holdings in Kimberly-Clark were worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Pacific Financial bought a new position in Kimberly-Clark during the first quarter valued at $26,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark in the fourth quarter worth $29,000. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the first quarter worth $36,000. Finally, AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the first quarter worth $37,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

NYSE:KMB opened at $128.72 on Friday. The firm has a market capitalization of $42.71 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The stock has a fifty day moving average of $130.51 and a 200 day moving average of $135.14. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.96 earnings per share. On average, 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.9%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMB. Barclays raised their price target on Kimberly-Clark from $134.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. UBS Group cut their price target on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Piper Sandler began coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price target for the company. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Three equities research 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. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $142.70.

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.