Perigon Wealth Management LLC Invests $506,000 in Kimberly-Clark Corporation $KMB

Perigon Wealth Management LLC acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,608 shares of the company’s stock, valued at approximately $506,000.

A number of other large investors also recently bought and sold shares of KMB. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Kimberly-Clark during the second quarter valued at about $4,362,000. Pursue Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $238,000. Trust Co. of Vermont acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $1,259,000. Principle Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $6,182,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $94,858,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $109.88 on Thursday. 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 market capitalization of $36.54 billion, a P/E ratio of 18.69, a P/E/G ratio of 5.13 and a beta of 0.26. The business’s 50-day moving average is $108.61 and its two-hundred day moving average is $103.33. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $136.17.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) 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 company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the business posted $1.92 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s payout ratio is currently 87.07%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. TD Cowen lifted their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. UBS Group raised their price target on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Finally, Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.93.

About Kimberly-Clark

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.