Dearborn Partners LLC Makes New $593,000 Investment in Kimberly-Clark Corporation $KMB

Dearborn Partners LLC bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,151 shares of the company’s stock, valued at approximately $593,000.

Several other hedge funds also recently modified their holdings of KMB. Oregon Public Employees Retirement Fund raised its position in Kimberly-Clark by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in 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 acquiring an additional 103 shares during the last quarter. Core Wealth Partners LLC boosted its holdings in 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 during the last quarter. Finally, Assetmark Inc. grew its stake 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 acquiring 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

Several analysts have recently commented on KMB shares. Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group boosted their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. TD Cowen upped their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Seaport Research Partners raised shares of Kimberly-Clark to a “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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Trading Up 1.9%

NASDAQ:KMB opened at $111.37 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $37.04 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The firm’s 50 day moving average is $109.06 and its 200 day moving average is $103.54. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $133.94.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data 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 net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the company posted $1.92 earnings per share. Kimberly-Clark’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 annualized dividend and a dividend yield of 4.6%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Kimberly-Clark Company 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.