VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 317,651 shares of the company’s stock, valued at approximately $34,869,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.10% of Kimberly-Clark as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of KMB. California State Teachers Retirement System grew its position in shares of Kimberly-Clark by 11,088.4% during the 2nd quarter. California State Teachers Retirement System now owns 43,186,921 shares of the company’s stock worth $4,740,628,000 after purchasing an additional 42,800,922 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $3,547,915,000. Wellington Management Group LLP boosted its stake in shares of Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after buying an additional 7,341,215 shares during the period. Thornburg Investment Management Inc. bought a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $632,373,000. Finally, Norges Bank acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $521,184,000. Institutional investors own 76.29% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. UBS Group lifted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Freedom Capital upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Finally, TD Cowen upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $117.93.
Kimberly-Clark Price Performance
KMB stock opened at $104.96 on Tuesday. The stock has a market capitalization of $34.91 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 4.39 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $131.53. The firm has a 50-day moving average price of $109.73 and a 200-day moving average price of $103.67.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.92 earnings per share. As a group, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.
Kimberly-Clark Company 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.
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