5,774 Shares in Kimberly-Clark Corporation $KMB Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought 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 and Exchange Commission. The institutional investor bought 5,774 shares of the company’s stock, valued at approximately $640,000.

A number of other large investors have also recently made changes to their positions in KMB. Brighton Jones LLC lifted its position in Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after purchasing an additional 2,765 shares during the period. The Manufacturers Life Insurance Company raised its stake in Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after buying an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Kimberly-Clark by 44.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after buying an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC lifted its holdings in shares of Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock valued at $424,000 after buying an additional 326 shares during the period. Finally, HUB Investment Partners LLC boosted its stake in shares of Kimberly-Clark by 20.5% in the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock worth $1,372,000 after buying an additional 1,811 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $111.37 on Tuesday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a 50-day simple moving average of $109.06 and a two-hundred day simple moving average of $103.54. The firm has a market capitalization of $37.04 billion, a PE ratio of 18.94, a P/E/G ratio of 5.20 and a beta of 0.26. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $133.94.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS 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 company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the business earned $1.92 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS 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 issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

Analysts Set New Price Targets

KMB has been the topic of several research reports. UBS Group raised their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. TD Cowen increased their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $117.93.

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.