Ethic Inc. Has $7.24 Million Stake in Kimberly-Clark Co. $KMB

Key Points

• Ethic Inc. increased its stake in Kimberly-Clark Co. by 126.8% in Q1, owning 50,599 shares valued at $7.24 million.
• Various institutional investors are also raising their positions in Kimberly-Clark, with Vanguard Group and Charles Schwab among the notable investors increasing their stakes.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, which translates to an annual yield of 3.8%.

Ethic Inc. boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 126.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,599 shares of the company's stock after purchasing an additional 28,293 shares during the period. Ethic Inc.'s holdings in Kimberly-Clark were worth $7,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. GAMMA Investing LLC grew its position 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 worth $270,510,000 after purchasing an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. grew its position 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 worth $196,878,000 after purchasing an additional 1,339,413 shares in the last quarter. First Trust Advisors LP grew its position in Kimberly-Clark by 163.1% during the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock worth $280,786,000 after purchasing an additional 1,328,341 shares in the last quarter. Trinity Financial Advisors LLC purchased a new position in Kimberly-Clark during the 1st quarter worth approximately $181,762,000. Finally, Nuveen LLC purchased a new position in Kimberly-Clark during the 1st quarter worth approximately $106,458,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KMB. Royal Bank Of Canada lowered their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. Barclays boosted their price target 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. Evercore ISI lowered their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Piper Sandler began coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $142.70.

Kimberly-Clark Stock Down 1.2%

Shares of KMB stock traded down $1.61 on Monday, hitting $131.33. The company's stock had a trading volume of 2,566,397 shares, compared to its average volume of 2,332,886. 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 fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm's fifty day moving average price is $130.39 and its 200-day moving average price is $135.12. The stock has a market capitalization of $43.57 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 4.46 and a beta of 0.33.

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 (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Kimberly-Clark's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 3.8%. Kimberly-Clark's payout ratio is currently 69.42%.

Kimberly-Clark 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.