OneDigital Investment Advisors LLC Makes New $9.23 Million Investment in Kimberly-Clark Corporation $KMB

OneDigital Investment Advisors LLC purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 84,068 shares of the company’s stock, valued at approximately $9,228,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMB. Ally Financial Inc. purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at $1,009,000. Westpac Banking Corp lifted its stake in Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after buying an additional 10,811 shares in the last quarter. Oddo BHF Asset Management Sas lifted its stake in Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock valued at $6,234,000 after buying an additional 14,115 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $1,047,000. Finally, Vaughan David Investments LLC IL increased its position in shares of Kimberly-Clark by 6.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock worth $30,231,000 after acquiring an additional 17,955 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $110.39 on Monday. The stock’s 50 day moving average price is $108.10 and its 200 day moving average price is $103.14. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17. The company has a market capitalization of $36.71 billion, a P/E ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26. 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 (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) 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 analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share. On average, research analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KMB shares. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Piper Sandler boosted their price objective 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, Barclays increased their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.