Perigon Wealth Management LLC Buys New Stake in Kimberly-Clark Corporation $KMB

Perigon Wealth Management LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,608 shares of the company’s stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Godfrey Financial Associates Inc. acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark in the 2nd quarter worth about $27,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark during the fourth quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $31,000. Finally, Entrust Financial LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a report on Wednesday. Seaport Research Partners upgraded shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Finally, Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $117.93.

Kimberly-Clark Stock Up 2.0%

NASDAQ KMB opened at $109.88 on Thursday. The business’s fifty day simple moving average is $108.61 and its 200-day simple moving average is $103.33. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The firm has a market cap of $36.54 billion, a PE ratio of 18.69, a P/E/G ratio of 5.13 and a beta of 0.26. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the prior year, the company posted $1.92 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.