J. Safra Sarasin Holding AG Grows Stock Holdings in Kimberly-Clark Co. $KMB

Key Points

• J. Safra Sarasin Holding AG increased its ownership in Kimberly-Clark Co. by 127.9% in Q2, now holding 16,880 shares valued at approximately $2.18 million.
• The company reported $1.92 earnings per share for the last quarter, exceeding expectations, despite a revenue shortfall of 1.6% year-over-year.
• Kimberly-Clark's stock has a market cap of $40.67 billion and currently has a consensus rating of "Hold" from analysts, with a target price averaging $140.50.

J. Safra Sarasin Holding AG raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 127.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,880 shares of the company's stock after purchasing an additional 9,472 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Kimberly-Clark were worth $2,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Kimberly-Clark by 0.3% during the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company's stock valued at $5,011,188,000 after purchasing an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Kimberly-Clark by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company's stock valued at $1,601,968,000 after purchasing an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Kimberly-Clark by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company's stock valued at $1,151,309,000 after buying an additional 566,152 shares during the period. Invesco Ltd. lifted its position in Kimberly-Clark by 3.1% in the first 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 last quarter. Finally, Royal Bank of Canada boosted its stake in Kimberly-Clark by 0.9% during the first 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. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Down 0.0%

Shares of NYSE:KMB opened at $122.58 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business's 50 day moving average is $128.85 and its 200 day moving average is $132.73. The stock has a market cap of $40.67 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 52-week low of $121.02 and a 52-week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 EPS. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Piper Sandler cut their target price on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday. UBS Group reduced their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $138.00 in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $140.50.

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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