Sanctuary Advisors LLC Purchases New Stake in Kimberly-Clark Corporation $KMB

Sanctuary Advisors LLC acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 105,247 shares of the company’s stock, valued at approximately $11,553,000.

Several other large investors also recently added to or reduced their stakes in KMB. Brighton Jones LLC increased its holdings in shares of Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after buying an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Kimberly-Clark by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company’s stock valued at $46,923,000 after buying an additional 24,698 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Kimberly-Clark by 44.3% in the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company’s stock valued at $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC increased its stake in Kimberly-Clark by 11.0% during the second quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company’s stock worth $424,000 after acquiring an additional 326 shares during the last quarter. Finally, HUB Investment Partners LLC raised its position in Kimberly-Clark by 20.5% in the second quarter. HUB Investment Partners LLC now owns 10,639 shares of the company’s stock valued at $1,372,000 after purchasing an additional 1,811 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 1.9%

Kimberly-Clark stock opened at $111.37 on Tuesday. The stock’s fifty day simple moving average is $109.06 and its 200-day simple moving average is $103.54. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $37.04 billion, a P/E ratio of 18.94, a P/E/G ratio of 5.20 and a beta of 0.26. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $133.94.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is 87.07%.

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. Barclays boosted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. TD Cowen increased their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark 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.