Kimberly-Clark Co. $KMB Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kimberly-Clark Co. by 11.5%, owning 73,068 shares valued at approximately $10.38 million as of its latest SEC filing.
• The company reported $1.92 EPS in its most recent earnings, exceeding analyst expectations by $0.25, despite a 1.6% year-over-year decline in quarterly revenue.
• Kimberly-Clark's quarterly dividend of $1.26 reflects an annualized yield of 3.8%, with a payout ratio currently at 69.42%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,068 shares of the company's stock after acquiring an additional 7,516 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Kimberly-Clark were worth $10,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMB. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after purchasing an additional 2,765 shares during the period. Lighthouse Investment Partners LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at $590,000. Lazard Asset Management LLC increased its stake in Kimberly-Clark by 9.1% in the fourth quarter. Lazard Asset Management LLC now owns 664,297 shares of the company's stock valued at $87,049,000 after purchasing an additional 55,395 shares during the period. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at $29,000. Finally, Measured Risk Portfolios Inc. acquired a new position in Kimberly-Clark in the fourth quarter valued at $2,008,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. UBS Group dropped their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Finally, Barclays boosted 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. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Price Performance

KMB traded down $1.48 on Friday, hitting $127.99. 1,442,291 shares of the company were exchanged, compared to its average volume of 2,302,469. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The business's fifty day moving average is $130.33 and its 200 day moving average is $134.55. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm has a market capitalization of $42.46 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

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. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio is presently 69.42%.

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.