Patten Group Inc. Boosts Stock Holdings in Kimberly-Clark Co. $KMB

Patten Group Inc. lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 7.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 67,547 shares of the company’s stock after buying an additional 4,612 shares during the quarter. Kimberly-Clark makes up 1.8% of Patten Group Inc.’s portfolio, making the stock its 9th biggest position. Patten Group Inc.’s holdings in Kimberly-Clark were worth $8,708,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Kimberly-Clark by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after buying an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after buying an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Kimberly-Clark by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock worth $1,151,309,000 after buying an additional 566,152 shares during the last quarter. Invesco Ltd. lifted its position in shares of Kimberly-Clark by 3.1% in the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock worth $828,811,000 after buying an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Kimberly-Clark by 0.9% in the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock worth $492,091,000 after buying an additional 29,453 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KMB shares. Piper Sandler reduced their price target on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Citigroup dropped their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Finally, UBS Group dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $137.00.

Kimberly-Clark Stock Down 0.5%

Kimberly-Clark stock opened at $120.05 on Wednesday. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 4.46 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company’s 50-day moving average price is $126.11 and its two-hundred day moving average price is $131.00. Kimberly-Clark Co. has a 52 week low of $118.18 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. On average, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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

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.