Grandfield & Dodd LLC Takes Position in Kimberly-Clark Corporation $KMB

Grandfield & Dodd LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMBFree 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 (NASDAQ:KMBGet Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 EPS. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

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

(Free Report)

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

Institutional Ownership by Quarter for Kimberly-Clark (NASDAQ:KMB)

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