Kimberly-Clark Co. $KMB Shares Bought by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in Kimberly-Clark Co. by 41.4% in the first quarter, now owning 2,351,329 shares worth approximately $334 million.
• Several institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., also increased their holdings in Kimberly-Clark during the same period, showcasing strong institutional interest.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, with an annualized yield of 3.8%, reflecting its commitment to returning capital to shareholders.

Goldman Sachs Group Inc. grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 41.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,351,329 shares of the company's stock after acquiring an additional 687,868 shares during the quarter. Goldman Sachs Group Inc. owned about 0.71% of Kimberly-Clark worth $334,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Kimberly-Clark by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company's stock worth $5,011,188,000 after buying an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock worth $1,601,968,000 after buying an additional 674,046 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Kimberly-Clark by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company's stock worth $1,151,309,000 after buying an additional 566,152 shares during the period. Invesco Ltd. increased its stake in Kimberly-Clark by 3.1% in the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company's stock worth $828,811,000 after buying an additional 173,915 shares during the period. Finally, Royal Bank of Canada increased its stake in Kimberly-Clark by 0.9% in the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company's stock worth $492,091,000 after buying an additional 29,453 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $0.93 during trading hours on Monday, reaching $127.06. 612,201 shares of the company's stock were exchanged, compared to its average volume of 2,292,154. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The company has a market capitalization of $42.16 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The business has a fifty day moving average of $130.33 and a two-hundred day moving average of $134.51. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

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 for the quarter, beating the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations 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 was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share 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. Stockholders 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 annualized dividend and a dividend yield of 4.0%. Kimberly-Clark's payout ratio is presently 69.42%.

Wall Street Analyst Weigh In

KMB has been the topic of several recent analyst reports. Barclays raised their price target on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler began coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective for the company. Finally, 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 research note on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $142.70.

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.