12 Best Household Stocks to Buy According to Hedge Funds

4. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 50

Kimberly-Clark Corporation (NYSE:KMB) manufactures and markets a range of products by employing advanced technologies in absorbency, nonwovens, and fibers. It operates in three segments: the Personal Care segment, the Consumer Tissue segment, and the K-C Professional segment. It sells its products under various brands, including Kleenex, Scott, Cottonelle, DryNites, Huggies, and others. Kimberly-Clark Corporation (NYSE:KMB) is accelerating investments to build its brands, powerhouse categories, and innovative pipeline.

In fiscal Q4 2024, Kimberly-Clark Corporation (NYSE:KMB) reported revenue of $4.9 billion, exceeding analyst estimates of $4.85 billion by 1.5%. Despite challenges from foreign currency fluctuations and strategic divestitures, the company demonstrated revenue resilience, supported by a 2.3% rise in organic sales.

Kimberly-Clark Corporation (NYSE:KMB) generated an operating cash flow of $3.2 billion in the full year 2024 and paid $2.6 billion to shareholders through dividends and share repurchases. On January 28, the company declared a 3.3% hike in its quarterly dividend to $1.26 per share, marking its 52nd consecutive year of dividend growth.

In a report released on March 19, Bryan Spillane from Bank of America Securities reiterated a Buy rating on Kimberly-Clark Corporation (NYSE:KMB) with a price target of $160.00. The company takes the fourth spot on our list of the 12 best household stocks to buy now.