Hsbc Holdings PLC Acquires 49,109 Shares of Kimberly-Clark Corporation $KMB

Key Points

• HSBC increased its Kimberly-Clark stake by 3.5% in the second quarter, purchasing 49,109 additional shares for a total holding of 1.47 million shares valued at approximately $161.2 million. Institutional investors collectively own 76.29% of KMB.
• Analyst sentiment remains mixed but improved, with recent upgrades from several firms; Kimberly-Clark carries a consensus “Hold” rating and an average price target of $117.93.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue reached $4.19 billion. The company declared a quarterly dividend of $1.28 per share, representing a 4.6% yield and an annualized payout of $5.12.

Hsbc Holdings PLC lifted its stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,468,461 shares of the company's stock after purchasing an additional 49,109 shares during the period. Hsbc Holdings PLC owned 0.44% of Kimberly-Clark worth $161,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Oregon Public Employees Retirement Fund boosted its holdings in Kimberly-Clark by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company's stock worth $3,834,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company's stock worth $1,523,000 after acquiring an additional 100 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Kimberly-Clark by 18.3% during the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company's stock valued at $64,000 after purchasing an additional 103 shares during the period. Core Wealth Partners LLC increased its stake in Kimberly-Clark by 2.6% in the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company's stock valued at $439,000 after purchasing an additional 112 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Kimberly-Clark by 0.6% in the first quarter. Assetmark Inc. now owns 20,216 shares of the company's stock valued at $1,950,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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 report on Wednesday, July 8th. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. UBS Group raised their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Trading Down 0.3%

NASDAQ KMB opened at $111.02 on Wednesday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $131.53. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The stock's 50 day moving average price is $109.19 and its two-hundred day moving average price is $103.59. The stock has a market capitalization of $36.92 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 5.31 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the business earned $1.92 earnings per share. Kimberly-Clark's revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 dividend of $1.28 per share. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. Kimberly-Clark's payout ratio is currently 87.07%.

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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