Bank of New York Mellon Corp Makes New $239.61 Million Investment in Kimberly-Clark Corporation $KMB

Bank of New York Mellon Corp purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,182,850 shares of the company's stock, valued at approximately $239,612,000. Bank of New York Mellon Corp owned about 0.66% of Kimberly-Clark at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Ally Financial Inc. purchased a new stake in Kimberly-Clark during the 4th quarter valued at $1,009,000. Westpac Banking Corp boosted its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company's stock worth $5,462,000 after buying an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas grew its holdings in shares of Kimberly-Clark by 29.6% in the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company's stock worth $6,234,000 after acquiring an additional 14,115 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Kimberly-Clark in the fourth quarter worth $1,047,000. Finally, Vaughan David Investments LLC IL increased its position in Kimberly-Clark by 6.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company's stock valued at $30,231,000 after acquiring an additional 17,955 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 0.6%

Shares of KMB opened at $109.31 on Friday. The firm has a market cap of $36.35 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $134.38. The company has a 50 day simple moving average of $108.89 and a two-hundred day simple moving average of $103.43.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.22 billion. During the same period last year, the firm posted $1.92 EPS. Kimberly-Clark's quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark's payout ratio is presently 87.07%.

Analysts Set New Price Targets

A number of research firms have weighed in on KMB. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday. Finally, UBS Group boosted their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $117.93.

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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