IFM Investors Pty Ltd Buys 2,553 Shares of Kimberly-Clark Co. $KMB

Key Points

• IFM Investors Pty Ltd increased its stake in Kimberly-Clark Co. by 4.2%, holding 64,052 shares valued at $8.26 million according to a recent SEC filing.
• Kimberly-Clark reported EPS of $1.92 exceeding analyst estimates of $1.67, although revenue of $4.16 billion fell short of expectations of $4.85 billion.
• A quarterly dividend of $1.26 was declared, with a yield of 4.0%, and the company's payout ratio currently stands at 69.42%.

IFM Investors Pty Ltd boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,052 shares of the company's stock after buying an additional 2,553 shares during the quarter. IFM Investors Pty Ltd's holdings in Kimberly-Clark were worth $8,258,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KMB. First Pacific Financial bought a new position in shares of Kimberly-Clark in the first quarter worth approximately $26,000. Financial Network Wealth Advisors LLC boosted its position in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after purchasing an additional 125 shares during the period. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the first quarter worth approximately $36,000. AlphaCore Capital LLC bought a new position in shares of Kimberly-Clark in the first quarter worth approximately $37,000. Finally, Rossby Financial LCC bought a new position in shares of Kimberly-Clark in the first quarter worth approximately $37,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Down 0.6%

Shares of KMB traded down $0.74 during midday trading on Tuesday, hitting $123.33. The stock had a trading volume of 790,146 shares, compared to its average volume of 2,321,992. Kimberly-Clark Co. has a 1 year low of $122.58 and a 1 year high of $150.45. The firm has a market cap of $40.92 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock's 50 day moving average is $129.67 and its 200 day moving average is $133.77.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its 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. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.1%. Kimberly-Clark's dividend payout ratio is presently 69.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KMB shares. Evercore ISI dropped their price target on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Monday. Barclays upped 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 report on Monday, August 4th. UBS Group lowered their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $142.20.

About Kimberly-Clark

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.