Compass Wealth Management LLC Makes New Investment in Kimberly-Clark Corporation $KMB

Compass Wealth Management LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the 2nd quarter, HoldingsChannel reports. The firm bought 7,054 shares of the company’s stock, valued at approximately $774,000.

Several other institutional investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its position in shares of Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Kimberly-Clark by 0.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock worth $1,523,000 after purchasing an additional 100 shares during the period. AdvisorNet Financial Inc boosted its holdings in Kimberly-Clark by 18.3% in the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after purchasing an additional 103 shares during the last quarter. Core Wealth Partners LLC grew its stake in shares of Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after buying an additional 112 shares during the period. Finally, Assetmark Inc. raised its position in shares of Kimberly-Clark by 0.6% during the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock valued at $1,950,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.2%

Shares of NASDAQ KMB opened at $107.72 on Wednesday. The business has a 50-day moving average of $108.45 and a two-hundred day moving average of $103.25. The company has a market capitalization of $35.83 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $136.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB) last issued 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). The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.Kimberly-Clark’s revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $1.92 EPS. On average, analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal 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 given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. TD Cowen raised their target price on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Piper Sandler lifted their price target on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. 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’s stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark 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.