Glazer Capital LLC Takes $1.72 Million Position in Kimberly-Clark Corporation $KMB

Key Points

• Glazer Capital purchased a new 15,627-share stake in Kimberly-Clark worth approximately $1.72 million during the second quarter. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 analyst consensus, while revenue of $4.19 billion narrowly missed estimates; revenue nevertheless rose 0.6% year over year.
• The company declared a quarterly dividend of $1.28, equivalent to $5.12 annually and a 4.7% yield. Analysts maintain a consensus “Hold” rating with a $117.93 price target.

Glazer Capital LLC purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,627 shares of the company's stock, valued at approximately $1,715,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $3,547,915,000. State Street Corp grew its holdings in shares of Kimberly-Clark by 1.4% during the fourth quarter. State Street Corp now owns 21,125,118 shares of the company's stock valued at $2,157,746,000 after buying an additional 294,228 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Kimberly-Clark by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,917,154 shares of the company's stock valued at $1,202,322,000 after buying an additional 299,382 shares during the period. Geode Capital Management LLC raised its position in Kimberly-Clark by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,322,198 shares of the company's stock valued at $836,216,000 after buying an additional 65,619 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Kimberly-Clark by 26,997.7% in the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company's stock worth $743,399,000 after acquiring an additional 7,341,215 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of NASDAQ:KMB opened at $109.98 on Friday. The stock has a market capitalization of $36.58 billion, a P/E ratio of 18.70, a P/E/G ratio of 5.26 and a beta of 0.26. The business has a 50-day moving average of $109.52 and a two-hundred day moving average of $103.67. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $131.53. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS 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 company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $1.92 EPS. The business's revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.42 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is presently 87.07%.

Wall Street Analyst Weigh In

KMB has been the topic of several research analyst reports. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Piper Sandler reaffirmed an "overweight" rating on shares of Kimberly-Clark in a research report on Wednesday, August 19th. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Company Profile

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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