Kimberly-Clark Co. $KMB Shares Acquired by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 35.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,941 shares of the company’s stock after acquiring an additional 505 shares during the period. Rosenberg Matthew Hamilton’s holdings in Kimberly-Clark were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. First Pacific Financial acquired a new position in shares of Kimberly-Clark in the first quarter worth $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark during the second quarter worth $25,000. Elequin Capital LP acquired a new position in shares of Kimberly-Clark during the first quarter worth $36,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Kimberly-Clark during the first quarter worth $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $119.92 on Thursday. Kimberly-Clark Co. has a fifty-two week low of $118.18 and a fifty-two week high of $150.45. The company has a market capitalization of $39.79 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The firm has a 50-day simple moving average of $127.28 and a 200-day simple moving average of $131.68. 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 announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Analysts Set New Price Targets

A number of brokerages recently commented on KMB. Citigroup lowered their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. Barclays decreased their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, UBS Group decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.00.

About Kimberly-Clark

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.