Daymark Wealth Partners LLC Buys 1,163 Shares of Kimberly-Clark Co. (NYSE:KMB)

Daymark Wealth Partners LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,788 shares of the company’s stock after acquiring an additional 1,163 shares during the period. Daymark Wealth Partners LLC’s holdings in Kimberly-Clark were worth $1,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Price T Rowe Associates Inc. MD raised its position in Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after purchasing an additional 944,920 shares in the last quarter. Capital World Investors raised its holdings in shares of Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after acquiring an additional 342,790 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after acquiring an additional 354,501 shares in the last quarter. Nordea Investment Management AB lifted its stake in Kimberly-Clark by 2.9% in the first quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after acquiring an additional 48,103 shares during the period. Finally, Marshall Wace LLP grew its holdings in Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after acquiring an additional 503,839 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMB shares. BNP Paribas began coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Barclays cut their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Piper Sandler upped their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.67.

Insider Activity

In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 0.7 %

KMB stock opened at $142.18 on Friday. The stock has a market capitalization of $47.89 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a 50 day moving average of $142.22 and a 200 day moving average of $136.43.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.43%. Kimberly-Clark’s payout ratio is presently 89.71%.

About Kimberly-Clark

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.