Stoneridge Investment Partners LLC Buys New Stake in Kimberly-Clark Corporation $KMB

Stoneridge Investment Partners LLC bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,218 shares of the company’s stock, valued at approximately $570,000.

Other hedge funds also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in shares of Kimberly-Clark in the second quarter worth $37,000. Clearstead Trust LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $33,000. SFE Investment Counsel acquired a new stake in shares of Kimberly-Clark during the second quarter valued at $5,276,000. Ballast Inc. boosted its stake in shares of Kimberly-Clark by 42.4% during the second quarter. Ballast Inc. now owns 16,883 shares of the company’s stock valued at $1,853,000 after acquiring an additional 5,029 shares during the last quarter. Finally, Northside Capital Management LLC purchased a new stake in Kimberly-Clark during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several analyst reports. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note 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. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Barclays boosted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Piper Sandler upped their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $110.39 on Friday. The company has a market cap of $36.71 billion, a P/E ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26. The business has a fifty day simple moving average of $108.10 and a 200-day simple moving average of $103.13. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the company posted $1.92 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Kimberly-Clark Company 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.