Fluent Financial LLC Purchases New Position in Kimberly-Clark Corporation $KMB

Fluent Financial LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, Holdings Channel reports. The fund purchased 13,509 shares of the company’s stock, valued at approximately $1,483,000.

A number of other hedge funds also recently bought and sold shares of KMB. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $27,000. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at $28,000. CrossGen Wealth LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at $27,000. Finally, Motiv8 Investments LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMB. Piper Sandler lifted their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $109.68 on Monday. The stock has a market cap of $36.48 billion, a PE ratio of 18.65, a P/E/G ratio of 4.88 and a beta of 0.26. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.29. The company has a 50-day moving average of $106.84 and a 200 day moving average of $102.86.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.92 earnings per share. As a group, sell-side analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 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.