Alyeska Investment Group L.P. Makes New Investment in Kimberly-Clark Corporation $KMB

Key Points

• Alyeska Investment Group acquired 74,012 Kimberly-Clark shares during the second quarter, valued at approximately $8.1 million. Institutional investors and hedge funds collectively own 76.29% of the company.
• Analysts maintain a largely neutral outlook, with a consensus “Hold” rating and an average price target of $117.93; ratings include one Strong Buy, four Buys, eleven Holds and one Sell.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue reached $4.19 billion. The company declared a quarterly dividend of $1.28, or $5.12 annually, representing a 4.7% yield.

Alyeska Investment Group L.P. acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 74,012 shares of the company's stock, valued at approximately $8,124,000.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $3,547,915,000. Wellington Management Group LLP lifted its position in shares of Kimberly-Clark by 26,997.7% during the 4th 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 in the last quarter. Thornburg Investment Management Inc. purchased a new position in shares of Kimberly-Clark during the 2nd quarter valued at approximately $632,373,000. Norges Bank acquired a new stake in Kimberly-Clark in the 4th quarter valued at $521,184,000. Finally, Bank of New York Mellon Corp acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $239,612,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMB. 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. Piper Sandler reaffirmed an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. Barclays lifted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. UBS Group increased their target price on Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Freedom Capital upgraded Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. One research 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 company's stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $117.93.

Kimberly-Clark Price Performance

KMB stock opened at $107.95 on Tuesday. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $131.53. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The firm has a market capitalization of $35.90 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 5.22 and a beta of 0.26. The business has a 50 day simple moving average of $109.81 and a 200-day simple moving average of $103.72.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the previous year, the business posted $1.92 EPS. The business's quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid 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 87.07%.

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.

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