Fifth Third Bancorp Purchases 2,766 Shares of Kimberly-Clark Co. $KMB

Key Points

• Fifth Third Bancorp increased its stake in Kimberly-Clark Co. by 9.7%, acquiring an additional 2,766 shares during the second quarter, bringing its total holdings to 31,345 shares worth approximately $4.04 million.
• Several institutional investors have also shown interest, with notable increases in holdings by Citigroup by 86.8% and OVERSEA CHINESE BANKING Corp Ltd by 270.2%.
• Research analysts have varied opinions on Kimberly-Clark's stock, with a consensus price target of $141.20 and ratings ranging from Buy to Sell, reflecting mixed investor sentiment.

Fifth Third Bancorp increased its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,345 shares of the company's stock after acquiring an additional 2,766 shares during the quarter. Fifth Third Bancorp's holdings in Kimberly-Clark were worth $4,041,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Strs Ohio bought a new position in shares of Kimberly-Clark during the 1st quarter worth about $12,854,000. Elevate Capital Advisors LLC increased its holdings in shares of Kimberly-Clark by 46.4% during the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after purchasing an additional 3,944 shares during the period. Citigroup Inc. increased its holdings in shares of Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after purchasing an additional 236,733 shares during the period. Unigestion Holding SA increased its holdings in shares of Kimberly-Clark by 8.2% during the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock worth $18,145,000 after purchasing an additional 9,643 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Kimberly-Clark by 270.2% during the 1st 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 own 76.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 target price on the stock. Finally, Evercore ISI decreased their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.20.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $122.23 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm's 50-day simple moving average is $129.31 and its 200-day simple moving average is $133.30. Kimberly-Clark Co. has a twelve month low of $121.02 and a twelve month high of $150.45. The firm has a market cap of $40.55 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion for 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%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 earnings per share. As a group, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. Kimberly-Clark's payout ratio is 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.

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