Flputnam Investment Management Co. Purchases Shares of 12,625 Kimberly-Clark Corporation $KMB

Flputnam Investment Management Co. purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,625 shares of the company’s stock, valued at approximately $1,386,000.

Other hedge funds also recently modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $27,000. CrossGen Wealth LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at about $27,000. Motiv8 Investments LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $31,000. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research analyst reports. UBS Group boosted their target price on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Piper Sandler raised their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Finally, Freedom Capital raised 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 given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $117.93.

Kimberly-Clark Trading Down 2.2%

NASDAQ:KMB opened at $107.91 on Tuesday. 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 firm has a 50-day moving average of $108.30 and a 200-day moving average of $103.19. The company has a market cap of $35.89 billion, a PE ratio of 18.35, a PEG ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $136.17.

Kimberly-Clark (NASDAQ:KMB) last posted its 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). 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 in the prior year, the company earned $1.92 EPS. The company’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s dividend payout ratio is 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.