Bank of Nova Scotia purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,320 shares of the company's stock, valued at approximately $8,599,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth $27,000. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the fourth quarter valued at about $25,000. CrossGen Wealth LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at about $27,000. Edmond DE Rothschild Holding S.A. bought a new stake in Kimberly-Clark during the second quarter worth about $32,000. Finally, Clearstead Trust LLC bought a new stake in Kimberly-Clark during the second quarter worth about $33,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Kimberly-Clark Price Performance
KMB stock opened at $111.37 on Tuesday. The company has a market capitalization of $37.04 billion, a P/E ratio of 18.94, a PEG ratio of 5.20 and a beta of 0.26. The company has a fifty day moving average price of $109.06 and a 200-day moving average price of $103.54. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $133.94.
Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.
Kimberly-Clark Announces Dividend
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 given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is 87.07%.
Analyst Ratings Changes
Several brokerages have recently commented on KMB. TD Cowen boosted their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. UBS Group boosted their price objective 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. Wells Fargo & Company upped their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and an average price target of $117.93.
Check Out Our Latest Analysis on KMB
About Kimberly-Clark
(
Free Report)
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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