Korea Investment CORP bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 54,210 shares of the company’s stock, valued at approximately $5,951,000.
Several other large investors have also made changes to their positions in KMB. Godfrey Financial Associates Inc. acquired a new stake in Kimberly-Clark in the fourth quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $27,000. CrossGen Wealth LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $31,000. Finally, Entrust Financial LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on KMB shares. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. UBS Group raised their price target on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.93.
Kimberly-Clark Stock Up 1.9%
Kimberly-Clark stock opened at $111.37 on Tuesday. The company’s 50 day simple moving average is $109.06 and its 200 day simple moving average is $103.54. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $133.94. The firm has a market capitalization of $37.04 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 5.20 and a beta of 0.26. 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:KMB – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS 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 firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the company posted $1.92 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current year.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. Kimberly-Clark’s payout ratio is 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
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
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.
