Integrity Alliance LLC. Invests $311,000 in Kimberly-Clark Co. $KMB

Integrity Alliance LLC. bought a new stake in Kimberly-Clark Co. (NYSE:KMB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,189 shares of the company’s stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ransom Advisory Ltd bought a new position in Kimberly-Clark in the 1st quarter valued at about $324,000. Anchor Investment Management LLC grew its position in Kimberly-Clark by 1.5% in the 1st quarter. Anchor Investment Management LLC now owns 17,716 shares of the company’s stock valued at $2,520,000 after buying an additional 260 shares in the last quarter. Security National Bank of Sioux City Iowa IA grew its position in Kimberly-Clark by 3.7% in the 1st quarter. Security National Bank of Sioux City Iowa IA now owns 7,220 shares of the company’s stock valued at $1,027,000 after buying an additional 259 shares in the last quarter. Advisory Alpha LLC grew its position in Kimberly-Clark by 22.3% in the 1st quarter. Advisory Alpha LLC now owns 2,553 shares of the company’s stock valued at $363,000 after buying an additional 466 shares in the last quarter. Finally, Trinity Financial Advisors LLC bought a new position in Kimberly-Clark in the 1st quarter valued at about $214,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. UBS Group cut their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and upped their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $142.70.

Kimberly-Clark Price Performance

NYSE KMB opened at $127.99 on Friday. The company has a 50 day simple moving average of $130.33 and a 200-day simple moving average of $134.55. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

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 $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark’s dividend payout ratio is 69.42%.

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.