MQS Management LLC Makes New $273,000 Investment in Kimberly-Clark Co. $KMB

MQS Management LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the second quarter, Holdings Channel reports. The fund acquired 2,120 shares of the company’s stock, valued at approximately $273,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Kimberly-Clark by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after acquiring an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after buying an additional 674,046 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Kimberly-Clark by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock worth $1,151,309,000 after buying an additional 566,152 shares in the last quarter. Invesco Ltd. raised its stake in shares of Kimberly-Clark by 3.1% during the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock worth $828,811,000 after buying an additional 173,915 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Kimberly-Clark by 0.9% during the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock worth $492,091,000 after buying an additional 29,453 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NYSE KMB opened at $120.62 on Tuesday. Kimberly-Clark Co. has a 1-year low of $117.49 and a 1-year high of $150.45. The company has a market capitalization of $40.02 billion, a P/E ratio of 15.98, a PEG ratio of 4.46 and a beta of 0.30. The business has a 50 day moving average price of $125.03 and a 200 day moving average price of $130.57. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $1.96 EPS. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 4.2%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup cut their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research note on Thursday, October 9th. UBS Group cut their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Evercore ISI cut their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Piper Sandler cut their target price on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average target price of $137.00.

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.