Peachtree Investment Partners LLC Invests $1.76 Million in Kimberly-Clark Corporation $KMB

Peachtree Investment Partners LLC acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 15,995 shares of the company’s stock, valued at approximately $1,756,000. Kimberly-Clark accounts for about 0.6% of Peachtree Investment Partners LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other large investors have also bought and sold shares of KMB. Vanguard Group Inc. lifted its position in Kimberly-Clark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock valued at $4,121,027,000 after buying an additional 315,981 shares during the period. State Street Corp grew its position in shares of Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after buying an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kimberly-Clark by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after buying an additional 299,382 shares during the period. Geode Capital Management LLC increased its stake in shares of Kimberly-Clark by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock worth $836,216,000 after acquiring an additional 65,619 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Kimberly-Clark by 26,997.7% in the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after acquiring an additional 7,341,215 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

NASDAQ KMB opened at $110.39 on Monday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $136.17. The stock has a 50-day moving average of $108.10 and a 200 day moving average of $103.14. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 5.25 and a beta of 0.26.

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 the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Announces Dividend

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 issued a dividend of $1.28 per share. 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%.

Analysts Set New Price Targets

Several research firms recently commented on KMB. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. UBS Group boosted their price target on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. TD Cowen upped their price target on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Barclays raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.