Ally Financial Inc. Makes New $1.10 Million Investment in Kimberly-Clark Corporation $KMB

Key Points

• Ally Financial bought 10,000 Kimberly-Clark shares worth approximately $1.10 million during the second quarter. Institutional investors collectively own 76.29% of KMB.
• Analyst sentiment remains mixed: recent firms raised price targets and some upgraded the stock, but MarketBeat reports an overall “Hold” rating with an average target price of $117.93.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue reached $4.19 billion. The company declared a $1.28 quarterly dividend, equivalent to a 4.7% yield and $5.12 annualized payout.

Ally Financial Inc. purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company's stock, valued at approximately $1,098,000.

Other large investors have also made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth about $27,000. CrossGen Wealth LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $27,000. Motiv8 Investments LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $31,000. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $32,000. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KMB. Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a research report on Wednesday. Wells Fargo & Company increased their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Finally, TD Cowen increased their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $117.93.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $109.31 on Monday. The stock has a market cap of $36.35 billion, a PE ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The firm has a 50-day moving average of $108.89 and a 200-day moving average of $103.46. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $134.38.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly 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 company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. On average, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.43 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given 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 4.7%. Kimberly-Clark's dividend payout ratio is presently 87.07%.

About Kimberly-Clark

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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