192,600 Shares in Kimberly-Clark Corporation $KMB Acquired by Fidelity National Financial Inc.

Key Points

• Fidelity National Financial acquired 192,600 Kimberly-Clark shares worth approximately $21.1 million, making KMB its ninth-largest holding and representing about 0.06% of Kimberly-Clark.
• Kimberly-Clark’s latest quarterly results fell short of expectations, with adjusted earnings of $1.80 per share versus the $2.01 consensus estimate and revenue of $4.19 billion. The stock opened at $107.72, while analysts’ consensus rating remained “Hold” with an average price target of $117.93.
• The company declared a quarterly dividend of $1.28 per share, equivalent to $5.12 annually and a 4.8% yield; its payout ratio stands at 87.07%.

Fidelity National Financial Inc. acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 192,600 shares of the company's stock, valued at approximately $21,142,000. Kimberly-Clark comprises approximately 0.7% of Fidelity National Financial Inc.'s investment portfolio, making the stock its 9th biggest holding. Fidelity National Financial Inc. owned about 0.06% of Kimberly-Clark at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Brighton Jones LLC raised its position in shares of Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after buying an additional 2,765 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Kimberly-Clark by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 363,919 shares of the company's stock worth $46,923,000 after acquiring an additional 24,698 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Kimberly-Clark by 44.3% during the second quarter. Treasurer of the State of North Carolina now owns 284,655 shares of the company's stock worth $36,698,000 after acquiring an additional 87,455 shares during the last quarter. Main Street Financial Solutions LLC grew its stake in Kimberly-Clark by 11.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,291 shares of the company's stock valued at $424,000 after acquiring an additional 326 shares in the last quarter. Finally, HUB Investment Partners LLC grew its stake in Kimberly-Clark by 20.5% during the 2nd quarter. HUB Investment Partners LLC now owns 10,639 shares of the company's stock valued at $1,372,000 after acquiring an additional 1,811 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Down 0.2%

KMB stock opened at $107.72 on Wednesday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $136.17. The firm has a market cap of $35.83 billion, a PE ratio of 18.32, a PEG ratio of 5.25 and a beta of 0.26. The firm's 50 day moving average price is $108.45 and its 200-day moving average price is $103.25. 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 (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm 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 dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. Kimberly-Clark's dividend payout ratio is currently 87.07%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 17th. Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Finally, Freedom Capital upgraded Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $117.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source