Stratos Wealth Partners LTD. Purchases 3,499 Shares of Kimberly-Clark Co. $KMB

Stratos Wealth Partners LTD. grew its position in Kimberly-Clark Co. (NYSE:KMB) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,844 shares of the company’s stock after acquiring an additional 3,499 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Kimberly-Clark were worth $5,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Kimberly-Clark by 0.3% during the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock valued at $5,011,188,000 after purchasing an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 raised its position in shares of Kimberly-Clark by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock valued at $1,151,309,000 after buying an additional 566,152 shares in the last quarter. Invesco Ltd. lifted its holdings 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 valued at $828,811,000 after acquiring an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Kimberly-Clark by 0.9% in the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock worth $492,091,000 after acquiring an additional 29,453 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMB shares. Evercore ISI decreased their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. UBS Group decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Piper Sandler lowered their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Citigroup reduced their target price on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Price Performance

KMB opened at $121.44 on Friday. The business has a fifty day moving average of $126.65 and a 200 day moving average of $131.29. The stock has a market cap of $40.29 billion, a P/E ratio of 16.08, a PEG ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. 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 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Kimberly-Clark Company 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.