AG2R LA Mondiale Gestion D Actifs Makes New $1.80 Million Investment in Kimberly-Clark Co. $KMB

Key Points

• AG2R LA Mondiale Gestion D Actifs has invested approximately $1.8 million in Kimberly-Clark Co. by acquiring 12,532 shares during the first quarter.
• Kimberly-Clark reported a Earnings Per Share (EPS) of $1.92 for the last quarter, exceeding analysts' expectations of $1.67, while experiencing a revenue decline of 1.6% year over year.
• The company recently declared a quarterly dividend of $1.26 per share, reflecting an annualized yield of 3.9%, to be paid on October 2nd.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 12,532 shares of the company's stock, valued at approximately $1,802,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Swedbank AB increased its holdings in shares of Kimberly-Clark by 1.9% in the 1st quarter. Swedbank AB now owns 171,872 shares of the company's stock valued at $24,444,000 after acquiring an additional 3,253 shares during the period. Voya Investment Management LLC increased its holdings in shares of Kimberly-Clark by 6.1% in the 1st quarter. Voya Investment Management LLC now owns 162,307 shares of the company's stock valued at $23,083,000 after acquiring an additional 9,344 shares during the period. Strs Ohio purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at $12,854,000. Ellsworth Advisors LLC purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at $6,142,000. Finally, Intrua Financial LLC purchased a new position in shares of Kimberly-Clark in the 1st quarter valued at $596,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB opened at $127.99 on Friday. The stock has a 50-day moving average of $130.33 and a two-hundred day moving average of $134.58. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $42.46 billion, a P/E ratio of 16.95, a P/E/G ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.9%. Kimberly-Clark's payout ratio is currently 69.42%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Barclays raised their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Piper Sandler initiated coverage on Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $142.70.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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