Caisse de depot et placement du Quebec Takes $9.26 Million Position in Kimberly-Clark Corporation $KMB

Caisse de depot et placement du Quebec purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 84,359 shares of the company's stock, valued at approximately $9,260,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Councilmark Asset Management LLC acquired a new stake in Kimberly-Clark during the second quarter worth about $419,000. First Bancorp Inc ME bought a new stake in Kimberly-Clark during the 2nd quarter worth $210,000. Polar Asset Management Partners Inc. bought a new position in Kimberly-Clark in the 2nd quarter valued at approximately $4,237,000. Jupiter Topco LLC bought a new stake in shares of Kimberly-Clark in the second quarter worth $6,213,000. Finally, Hsbc Holdings PLC raised its position in shares of Kimberly-Clark by 3.5% during the second quarter. Hsbc Holdings PLC now owns 1,468,461 shares of the company's stock worth $161,189,000 after acquiring an additional 49,109 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KMB. Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Wells Fargo & Company upped their price target on Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 8th. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. Finally, TD Cowen raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $117.93.

Kimberly-Clark Trading Down 0.4%

NASDAQ:KMB opened at $109.55 on Friday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $131.53. The firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 5.22 and a beta of 0.26. The business has a fifty day moving average price of $109.66 and a 200-day moving average price of $103.71. 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 (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The firm 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 was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Announces Dividend

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

About Kimberly-Clark

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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