Stoneridge Investment Partners LLC Takes $570,000 Position in Kimberly-Clark Corporation $KMB

Stoneridge Investment Partners LLC acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,218 shares of the company’s stock, valued at approximately $570,000.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in Kimberly-Clark by 26,997.7% during the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after acquiring an additional 7,341,215 shares during the period. Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $521,184,000. Bank of America Corp DE increased its position in Kimberly-Clark by 29.1% during the 1st quarter. Bank of America Corp DE now owns 6,661,899 shares of the company’s stock worth $642,673,000 after purchasing an additional 1,503,018 shares in the last quarter. KBC Group NV lifted its position in Kimberly-Clark by 459.9% during the first quarter. KBC Group NV now owns 1,695,768 shares of the company’s stock valued at $163,591,000 after buying an additional 1,392,873 shares in the last quarter. Finally, State Street Corp grew its stake in Kimberly-Clark by 5.0% during the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.3%

KMB opened at $110.39 on Friday. The firm 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 firm’s 50 day moving average is $108.10 and its 200-day moving average is $103.13. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $136.17. 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 (NASDAQ:KMB) last announced its 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). The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 earnings per share. Analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMB. Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Piper Sandler increased their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Finally, Barclays boosted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $117.93.

About Kimberly-Clark

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.