Haverford Trust Co Purchases New Holdings in Kimberly-Clark Corporation $KMB

Haverford Trust Co purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,474 shares of the company’s stock, valued at approximately $1,479,000.

Several other institutional investors have also recently made changes to their positions in the stock. First Nebraska Trust Co acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $294,000. Bank of Nova Scotia acquired a new position in Kimberly-Clark during the second quarter worth $8,599,000. Elevation Point Wealth Partners LLC bought a new stake in Kimberly-Clark during the second quarter worth $640,000. Daiichi Life Insurance Co. Ltd. bought a new stake in Kimberly-Clark during the second quarter worth $573,000. Finally, Commerce Bank bought a new stake in Kimberly-Clark during the second quarter worth $7,690,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KMB shares. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. TD Cowen upped their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. UBS Group lifted their price target on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays boosted their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One research 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 given a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Price Performance

NASDAQ:KMB opened at $109.31 on Friday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $134.38. The company has a market cap of $36.35 billion, a P/E ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26. The firm’s fifty day moving average price is $108.89 and its two-hundred day moving average price is $103.43. 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 announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. Equities analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. 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%.

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.