Cibc World Market Inc. Makes New $22.98 Million Investment in Kimberly-Clark Corporation $KMB

Cibc World Market Inc. purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMBFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 209,354 shares of the company’s stock, valued at approximately $22,981,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in KMB. Oregon Public Employees Retirement Fund grew its position in Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board raised its position in Kimberly-Clark by 0.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after purchasing an additional 100 shares in the last quarter. AdvisorNet Financial Inc raised its position in Kimberly-Clark by 18.3% during the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after purchasing an additional 103 shares in the last quarter. Core Wealth Partners LLC lifted its stake in Kimberly-Clark by 2.6% during the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after purchasing an additional 112 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Kimberly-Clark by 0.6% during the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock worth $1,950,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB opened at $109.31 on Monday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $134.38. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The business’s 50-day moving average price is $108.89 and its 200-day moving average price is $103.46. The company has a market cap of $36.35 billion, a P/E ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMBGet Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. On average, equities 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. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is 87.07%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several recent research reports. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. Wells Fargo & Company upped their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. TD Cowen increased their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $117.93.

Get Our Latest Analysis 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

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

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