Vise Technologies Inc. bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 12,513 shares of the company’s stock, valued at approximately $1,374,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Ally Financial Inc. purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at $1,009,000. Westpac Banking Corp boosted its stake in shares of Kimberly-Clark by 25.0% during the fourth quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock valued at $5,462,000 after acquiring an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas increased its position in Kimberly-Clark by 29.6% during the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after purchasing an additional 14,115 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Kimberly-Clark during the 4th quarter worth about $1,047,000. Finally, Vaughan David Investments LLC IL lifted its holdings in Kimberly-Clark by 6.4% in the 4th quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company’s stock valued at $30,231,000 after purchasing an additional 17,955 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on KMB. Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. UBS Group raised their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. TD Cowen lifted their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $117.93.
Kimberly-Clark Price Performance
KMB opened at $109.31 on Friday. The company’s 50 day simple moving average is $108.89 and its 200 day simple moving average is $103.43. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $134.38. The stock has a market capitalization of $36.35 billion, a PE ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Kimberly-Clark’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark’s payout ratio is currently 87.07%.
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.
Featured Stories
- Five stocks we like better than Kimberly-Clark
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NASDAQ:KMB – Free Report).
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.
