Aaron Wealth Advisors LLC Acquires 327 Shares of Kimberly-Clark Co. $KMB

by · The Markets Daily

Aaron Wealth Advisors LLC increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 5.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,005 shares of the company’s stock after acquiring an additional 327 shares during the period. Aaron Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMB. Cornerstone Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after buying an additional 74 shares during the period. Tudor Financial Inc. raised its holdings in shares of Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after buying an additional 75 shares during the period. Park National Corp OH raised its holdings in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock valued at $431,000 after buying an additional 77 shares during the period. Hoge Financial Services LLC raised its holdings in shares of Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after buying an additional 77 shares during the period. Finally, Nwam LLC raised its holdings in shares of Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after buying an additional 77 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $125.59 on Thursday. The stock has a 50 day simple moving average of $129.97 and a 200-day simple moving average of $134.26. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market cap of $41.67 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the firm earned $1.96 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KMB shares. UBS Group cut their price objective on Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Barclays increased their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Piper Sandler started coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an “overweight” rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $142.70.

Check Out Our Latest Analysis on KMB

Kimberly-Clark Company Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

See Also

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