Czech National Bank Buys 4,925 Shares of Kimberly-Clark Co. $KMB

Key Points

• The Czech National Bank increased its stake in Kimberly-Clark Co. by 6.5% during the 2nd quarter, bringing its total holdings to 81,107 shares valued at approximately $10.5 million.
• Kimberly-Clark reported earnings of $1.92 per share for the most recent quarter, surpassing analyst expectations, although its revenue was down 1.6% compared to the previous year.
• The company announced a quarterly dividend of $1.26, reflecting an annualized yield of 4.0%, with a payout ratio of 69.42%.

Czech National Bank grew its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,107 shares of the company's stock after buying an additional 4,925 shares during the period. Czech National Bank's holdings in Kimberly-Clark were worth $10,456,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Kimberly-Clark Price Performance

Shares of NYSE KMB traded down $0.89 during mid-day trading on Friday, hitting $124.62. 6,927,559 shares of the stock traded hands, compared to its average volume of 2,328,747. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The company has a market cap of $41.35 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The firm has a 50 day simple moving average of $129.74 and a two-hundred day simple moving average of $133.97.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.0%. Kimberly-Clark's dividend payout ratio (DPR) is 69.42%.

About Kimberly-Clark

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.