Banque Transatlantique SA Purchases Shares of 4,165 Kimberly-Clark Co. $KMB

Key Points

• Banque Transatlantique SA purchased 4,165 shares of Kimberly-Clark Co., valued at approximately $547,000, during the 1st quarter of the year.
• Kimberly-Clark's most recent quarterly earnings showed earnings per share (EPS) of $1.92, exceeding analyst expectations but reporting a revenue decline of 1.6% compared to the previous year.
• The company announced a quarterly dividend of $1.26, resulting in an annualized dividend yield of 3.9%.

Banque Transatlantique SA acquired a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,165 shares of the company's stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also modified their holdings of KMB. First Pacific Financial acquired a new stake in Kimberly-Clark in the 1st quarter worth about $26,000. Financial Network Wealth Advisors LLC increased its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after purchasing an additional 125 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $37,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Down 0.7%

Shares of NYSE KMB opened at $128.00 on Thursday. The company has a market cap of $42.47 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 4.46 and a beta of 0.32. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The stock has a 50-day moving average price of $130.48 and a two-hundred day moving average price of $135.00.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is currently 69.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays upped 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. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group reduced their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Piper Sandler assumed coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $142.70.

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.

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