14,939 Shares in Kimberly-Clark Corporation $KMB Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,939 shares of the company’s stock, valued at approximately $1,665,000.

A number of other large investors have also added to or reduced their stakes in KMB. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 2nd quarter valued at about $27,000. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $27,000. Clearstead Trust LLC purchased a new stake in Kimberly-Clark in the second quarter worth $33,000. Finally, Motiv8 Investments LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at $31,000. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Piper Sandler reissued an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. Barclays raised their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. UBS Group upped their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Trading Up 2.0%

NASDAQ:KMB opened at $109.88 on Thursday. The stock has a market cap of $36.54 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 5.13 and a beta of 0.26. The company’s 50 day moving average price is $108.61 and its 200-day moving average price is $103.33. 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 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 net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the business earned $1.92 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.28 per share. 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 presently 87.07%.

About Kimberly-Clark

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.