Corient Private Wealth LP Buys New Shares in Kimberly-Clark Corporation $KMB

Key Points

• Corient Private Wealth LP initiated a new Kimberly-Clark position by purchasing 352,769 shares valued at approximately $26.8 million, representing about 0.11% of the company. Institutional investors and hedge funds collectively own 76.29% of KMB.
• Analyst sentiment remains mixed, with Kimberly-Clark carrying a consensus “Hold” rating and an average price target of $117.93. Recent firms have raised ratings or price targets, although the stock’s latest quarterly earnings and revenue fell short of expectations.
• Kimberly-Clark declared a quarterly dividend of $1.28 per share, or $5.12 annualized, equating to a 4.7% yield; the dividend payout ratio is 87.07%.

Corient Private Wealth LP purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 352,769 shares of the company's stock, valued at approximately $26,761,000. Corient Private Wealth LP owned approximately 0.11% of Kimberly-Clark at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its position in shares of Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock valued at $3,834,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in Kimberly-Clark by 0.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock valued at $1,523,000 after purchasing an additional 100 shares during the last quarter. AdvisorNet Financial Inc grew its stake in Kimberly-Clark by 18.3% in the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock valued at $64,000 after purchasing an additional 103 shares in the last quarter. Core Wealth Partners LLC grew its stake in Kimberly-Clark by 2.6% in the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company's stock valued at $439,000 after purchasing an additional 112 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Kimberly-Clark by 0.6% during the 1st quarter. Assetmark Inc. now owns 20,216 shares of the company's stock worth $1,950,000 after purchasing an additional 121 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMB. Freedom Capital raised Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. Piper Sandler reaffirmed an "overweight" rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Finally, UBS Group boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research note 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 given a Sell rating to the company's stock. According to data from MarketBeat, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $109.55 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The company has a market capitalization of $36.43 billion, a P/E ratio of 18.63, a P/E/G ratio of 5.24 and a beta of 0.26. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $131.53. The stock has a 50 day moving average of $109.66 and a 200-day moving average of $103.71.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the company posted $1.92 EPS. The firm's revenue was up .6% on a year-over-year basis. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 7.42 EPS for the current 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 given a $1.28 dividend. 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 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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