Boussard & Gavaudan Gestion Sas Makes New $8.51 Million Investment in Kimberly-Clark Corporation $KMB

Key Points

• Boussard & Gavaudan Gestion acquired 77,792 Kimberly-Clark shares in the second quarter, valued at approximately $8.51 million. Institutional investors collectively own 76.29% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $117.93, despite upgrades from several firms.
• 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 per share, representing a 4.7% annualized yield.

Boussard & Gavaudan Gestion Sas acquired a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,792 shares of the company's stock, valued at approximately $8,513,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Archer Investment Corp acquired a new stake in shares of Kimberly-Clark during the second quarter worth $251,000. Kimelman & Baird LLC purchased a new position in Kimberly-Clark during the second quarter worth about $148,000. Rakuten Investment Management Inc. lifted its position in Kimberly-Clark by 10.2% during the second quarter. Rakuten Investment Management Inc. now owns 54,292 shares of the company's stock worth $5,967,000 after buying an additional 5,034 shares during the period. Glenview Trust Co acquired a new stake in Kimberly-Clark in the 2nd quarter worth about $2,321,000. Finally, Empowered Funds LLC increased its stake in shares of Kimberly-Clark by 7.2% during the 2nd quarter. Empowered Funds LLC now owns 28,173 shares of the company's stock valued at $3,093,000 after acquiring an additional 1,897 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. UBS Group upped their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Finally, Wells Fargo & Company upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $117.93.

Kimberly-Clark Stock Down 0.4%

KMB stock opened at $109.55 on Friday. The company has a market capitalization of $36.43 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 5.24 and a beta of 0.26. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The firm's 50-day moving average is $109.66 and its two-hundred day moving average is $103.71.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.28 per share. 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 (DPR) is currently 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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