Kimberly-Clark Corporation $KMB Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 66.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,824 shares of the company’s stock after buying an additional 6,344 shares during the period. Verdence Capital Advisors LLC’s holdings in Kimberly-Clark were worth $1,542,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Kimberly-Clark in the second quarter worth $3,547,915,000. Bank of America Corp DE grew its stake in shares of Kimberly-Clark by 3.3% in the second quarter. Bank of America Corp DE now owns 6,881,641 shares of the company’s stock worth $755,398,000 after acquiring an additional 219,742 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in shares of Kimberly-Clark during the second quarter valued at $632,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kimberly-Clark by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,116,768 shares of the company’s stock valued at $342,128,000 after acquiring an additional 249,832 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Kimberly-Clark by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 2,237,904 shares of the company’s stock valued at $215,891,000 after acquiring an additional 18,989 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMB. UBS Group lifted their price target on Kimberly-Clark from $106.00 to $113.00 and gave the stock a “neutral” rating in a research report on Wednesday. TD Cowen cut their price objective on shares of Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Bank of America reduced their price objective on shares of Kimberly-Clark from $122.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 25th. Piper Sandler decreased their target price on shares of Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating for the company in a report on Friday, September 11th. Finally, Canaccord Genuity Group assumed coverage on shares of Kimberly-Clark in a report on Friday, October 23rd. They issued a “hold” rating and a $105.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $112.21.

Kimberly-Clark Stock Performance

KMB stock opened at $108.40 on Thursday. The stock’s 50 day simple moving average is $102.83 and its 200 day simple moving average is $102.91. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $123.09. The stock has a market capitalization of $36.05 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 5.96 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last posted 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 business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. As a group, research analysts forecast that Kimberly-Clark Corporation will post 6.83 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.