Kimberly-Clark Co. $KMB Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Kimberly-Clark Co. by 15.6%, acquiring an additional 4,708 shares, bringing their total holdings to 34,897 shares valued at approximately $4.96 million.
• Kimberly-Clark recently reported a quarterly earnings per share (EPS) of $1.92, surpassing expectations, but its revenue of $4.16 billion fell short of the consensus estimate of $4.85 billion, marking a 1.6% drop year-over-year.
• The company is set to pay a quarterly dividend of $1.26 per share on October 2nd, resulting in an annualized dividend yield of 3.8% and a payout ratio of 69.42%.

CW Advisors LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 15.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,897 shares of the company's stock after acquiring an additional 4,708 shares during the period. CW Advisors LLC's holdings in Kimberly-Clark were worth $4,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after buying an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Kimberly-Clark by 2,982.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after buying an additional 1,339,413 shares in the last quarter. Trinity Financial Advisors LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at $181,762,000. Nuveen LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after buying an additional 718,720 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMB. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group lowered their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Barclays upped their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $0.56 during trading hours on Friday, reaching $129.28. 401,596 shares of the stock were exchanged, compared to its average volume of 2,300,882. The stock has a market cap of $42.89 billion, a P/E ratio of 17.12, a P/E/G ratio of 4.46 and a beta of 0.33. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The firm's 50 day moving average is $130.51 and its 200 day moving average is $135.14.

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, beating analysts' consensus estimates of $1.67 by $0.25. The business 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 business's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 EPS. Analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is presently 69.42%.

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.