14,939 Shares in Kimberly-Clark Corporation $KMB Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC acquired a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, HoldingsChannel.com reports. The firm acquired 14,939 shares of the company’s stock, valued at approximately $1,665,000.

Several other institutional investors have also modified their holdings of KMB. Ally Financial Inc. purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth approximately $1,009,000. Westpac Banking Corp lifted its position in shares of 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 during the last quarter. Oddo BHF Asset Management Sas boosted its holdings in shares of Kimberly-Clark by 29.6% in the 4th 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. purchased a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $1,047,000. Finally, Vaughan David Investments LLC IL raised its stake in shares of Kimberly-Clark by 6.4% during the 4th 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. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 2.0%

Kimberly-Clark stock opened at $109.88 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. 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 $36.54 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 5.13 and a beta of 0.26. The stock has a 50-day moving average price of $108.61 and a 200 day moving average price of $103.33.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Analyst Ratings Changes

Several brokerages have weighed in on KMB. 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. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research report on Wednesday. UBS Group increased their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average 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.