18,888 Shares in Kimberly-Clark Corporation $KMB Acquired by Matrix Trust Co

Matrix Trust Co bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,888 shares of the company’s stock, valued at approximately $2,073,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fluent Financial LLC bought a new stake in Kimberly-Clark in the second quarter worth about $1,483,000. Everhart Financial Group Inc. bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $215,000. Sax Wealth Advisors LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $314,000. Breakwater Capital Group grew its stake in shares of Kimberly-Clark by 71.1% in the 2nd quarter. Breakwater Capital Group now owns 5,099 shares of the company’s stock worth $560,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Rockland Trust Co. raised its holdings in shares of Kimberly-Clark by 23.7% in the 2nd quarter. Rockland Trust Co. now owns 96,437 shares of the company’s stock worth $10,586,000 after purchasing an additional 18,494 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KMB. UBS Group increased their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Piper Sandler raised their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Finally, TD Cowen raised their price objective on Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday. 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 presently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Price Performance

KMB opened at $109.68 on Monday. The firm has a market capitalization of $36.48 billion, a P/E ratio of 18.65, a PEG ratio of 4.88 and a beta of 0.26. The stock has a fifty day moving average of $106.84 and a 200-day moving average of $102.86. 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 12-month low of $92.42 and a 12-month high of $137.29.

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 analysts’ consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion for 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%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 EPS. Equities analysts forecast that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. 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.