Corient Private Wealth LP Invests $26.76 Million in Kimberly-Clark Corporation $KMB

Corient Private Wealth LP bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, Holdings Channel reports. The firm bought 352,769 shares of the company’s stock, valued at approximately $26,761,000.

Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at $27,000. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark during the 4th quarter worth $25,000. CrossGen Wealth LLC bought a new position in Kimberly-Clark during the 4th quarter worth $27,000. Ancora Advisors LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $32,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Kimberly-Clark during the second quarter worth $32,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

KMB opened at $109.55 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $131.53. The firm has a market cap of $36.43 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 5.24 and a beta of 0.26. The business’s fifty day moving average is $109.66 and its 200-day moving average is $103.71.

Kimberly-Clark (NASDAQ:KMB) last posted 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). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm earned $1.92 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is presently 87.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KMB shares. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. UBS Group boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Finally, Seaport Research Partners raised shares of Kimberly-Clark to a “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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.