Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 323,052 shares of the company's stock, valued at approximately $35,461,000. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Kimberly-Clark at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $27,000. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $27,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Kimberly-Clark in the second quarter worth $32,000. Finally, Clearstead Trust LLC bought a new stake in Kimberly-Clark in the second quarter valued at $33,000. Institutional investors own 76.29% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on KMB. TD Cowen boosted their price objective 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. Weiss Ratings raised shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Barclays boosted their price target on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. Finally, Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $117.93.
Check Out Our Latest Stock Report on Kimberly-Clark
Kimberly-Clark Price Performance
KMB opened at $111.37 on Tuesday. The stock has a fifty day simple moving average of $109.06 and a two-hundred day simple moving average of $103.54. 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 company has a market cap of $37.04 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $133.94.
Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The business 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 business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Research analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's dividend payout ratio is 87.07%.
Kimberly-Clark Company 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.
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