Brighton Jones LLC Boosts Stock Holdings in Kimberly-Clark Co. $KMB

Brighton Jones LLC boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,453 shares of the company’s stock after buying an additional 349 shares during the period. Brighton Jones LLC’s holdings in Kimberly-Clark were worth $832,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Investment Research & Advisory Group Inc. bought a new position in Kimberly-Clark during the second quarter valued at $25,000. Princeton Global Asset Management LLC lifted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Financial Network Wealth Advisors LLC lifted its position in Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Elequin Capital LP bought a new position in Kimberly-Clark during the first quarter valued at $36,000. Finally, Rossby Financial LCC bought a new position in Kimberly-Clark during the first quarter valued at $37,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Barclays reduced their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Piper Sandler reduced their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Three equities 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. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Trading Up 0.0%

NYSE KMB opened at $120.66 on Wednesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market capitalization of $40.03 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company’s 50-day simple moving average is $124.78 and its two-hundred day simple moving average is $130.45. Kimberly-Clark Co. has a one year low of $117.49 and a one year high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. Equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 69.42%.

Kimberly-Clark 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.