Grandfield & Dodd LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,024 shares of the company’s stock, valued at approximately $551,000.
Several other large investors also recently modified their holdings of KMB. Vanguard Group Inc. boosted its position in Kimberly-Clark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 40,846,734 shares of the company’s stock worth $4,121,027,000 after purchasing an additional 315,981 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $3,547,915,000. State Street Corp lifted its stake in shares of Kimberly-Clark by 1.4% in the 4th quarter. State Street Corp now owns 21,125,118 shares of the company’s stock worth $2,157,746,000 after purchasing an additional 294,228 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kimberly-Clark by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company’s stock worth $1,202,322,000 after buying an additional 299,382 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company’s stock valued at $836,216,000 after buying an additional 65,619 shares during the period. Institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Stock Performance
Shares of NASDAQ KMB opened at $107.91 on Tuesday. The stock has a market cap of $35.89 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $136.17. The firm has a fifty day moving average price of $108.30 and a 200-day moving average price of $103.19. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.
Kimberly-Clark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.
Analyst Ratings Changes
Several research analysts have weighed in on KMB shares. TD Cowen increased their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Piper Sandler upped their price objective on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Barclays lifted their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $117.93.
Read Our Latest Research Report on KMB
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.
See Also
- Five stocks we like better than Kimberly-Clark
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.
