Kimberly-Clark Co. (NYSE:KMB) Holdings Boosted by Cooper Financial Group

Cooper Financial Group grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,735 shares of the company’s stock after purchasing an additional 186 shares during the quarter. Cooper Financial Group’s holdings in Kimberly-Clark were worth $247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SageView Advisory Group LLC increased its position in Kimberly-Clark by 4.5% in the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock worth $224,000 after buying an additional 74 shares during the period. Cornerstone Wealth Management LLC lifted its position in Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the last quarter. Tudor Financial Inc. lifted its position in Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after purchasing an additional 75 shares during the last quarter. Park National Corp OH boosted its stake in Kimberly-Clark by 2.6% during the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock valued at $431,000 after purchasing an additional 77 shares during the period. Finally, Hoge Financial Services LLC grew its position in Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after purchasing an additional 77 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Shares of KMB opened at $134.15 on Tuesday. 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 50 day moving average is $130.66 and its 200-day moving average is $135.02. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The stock has a market capitalization of $44.51 billion, a P/E ratio of 17.77, a P/E/G ratio of 4.46 and a beta of 0.33.

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

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio is currently 69.42%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent analyst reports. Barclays lifted their price target on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Royal Bank Of Canada reduced their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and raised their target price for the company from $125.00 to $138.00 in a research note on Monday, August 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $142.70.

Kimberly-Clark 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.