Banco Bilbao Vizcaya Argentaria S.A. Has $13.46 Million Stake in Kimberly-Clark Co. $KMB

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Kimberly-Clark Co. by 3.2%, owning 94,671 shares valued at approximately $13.46 million as of its latest SEC filing.
• Kimberly-Clark recently announced a quarterly dividend of $1.26, which translates to an annual yield of 3.8% based on a payout ratio of 69.42%.
• The company reported Q2 earnings of $1.92 per share, surpassing analysts' expectations of $1.67, although revenue of $4.16 billion fell short of the forecasted $4.85 billion.

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,671 shares of the company's stock after buying an additional 2,954 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Kimberly-Clark were worth $13,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Pacific Financial acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $29,000. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $36,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at about $37,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent research reports. Barclays lifted their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler started coverage on Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target for the company. Finally, UBS Group reduced their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Price Performance

Shares of KMB stock traded down $1.64 during trading on Monday, hitting $131.85. The company had a trading volume of 539,711 shares, compared to its average volume of 2,309,087. 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 firm has a market capitalization of $43.75 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. The stock's 50-day moving average price is $130.43 and its 200 day moving average price is $135.23. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45.

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

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. Kimberly-Clark's dividend payout ratio (DPR) is currently 69.42%.

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.