Kimberly-Clark Corporation $KMB Stock: Verdence Capital Advisors LLC Grows Stake

Verdence Capital Advisors LLC increased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 66.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,824 shares of the company’s stock after buying an additional 6,344 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Kimberly-Clark were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC boosted its stake in shares of Kimberly-Clark by 12.1% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,596 shares of the company’s stock valued at $448,000 after purchasing an additional 496 shares in the last quarter. Plimoth Trust Co. LLC grew its holdings in shares of Kimberly-Clark by 27.0% during the 3rd quarter. Plimoth Trust Co. LLC now owns 4,145 shares of the company’s stock valued at $404,000 after purchasing an additional 880 shares during the last quarter. Leo Wealth LLC purchased a new position in Kimberly-Clark in the 3rd quarter worth $1,007,000. Apollon Wealth Management LLC raised its position in Kimberly-Clark by 31.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 34,267 shares of the company’s stock worth $3,339,000 after purchasing an additional 8,163 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its position in Kimberly-Clark by 32.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 9,531 shares of the company’s stock worth $929,000 after purchasing an additional 2,330 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on KMB shares. UBS Group boosted their price target on shares of Kimberly-Clark from $106.00 to $113.00 and gave the stock a “neutral” rating in a research note on Wednesday. BNP Paribas Exane raised their price objective on Kimberly-Clark from $101.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Zacks Research downgraded Kimberly-Clark from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Finally, Piper Sandler lowered their target price on Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $112.21.

Kimberly-Clark Price Performance

KMB opened at $108.40 on Thursday. The stock has a fifty day simple moving average of $102.83 and a two-hundred day simple moving average of $102.91. The company has a market cap of $36.05 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 5.96 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $123.09.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 earnings per share. Research analysts predict that Kimberly-Clark Corporation will post 6.83 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, September 4th. Kimberly-Clark’s dividend payout ratio is 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.