Mystic Asset Management Inc. Buys New Stake in Kimberly-Clark Corporation $KMB

Mystic Asset Management Inc. purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,245 shares of the company’s stock, valued at approximately $2,222,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after purchasing an additional 100 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Kimberly-Clark by 18.3% during the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $64,000 after purchasing an additional 103 shares in the last quarter. Core Wealth Partners LLC boosted its stake in shares of Kimberly-Clark by 2.6% during the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after acquiring an additional 112 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Kimberly-Clark by 0.6% in the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock worth $1,950,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Kimberly-Clark Stock Performance

Shares of KMB opened at $108.69 on Friday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $134.38. The company has a 50-day moving average of $108.75 and a two-hundred day moving average of $103.39. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a market cap of $36.15 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 5.23 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. On average, equities research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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 dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

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.