Kimberly-Clark Co. $KMB Shares Bought by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc increased its holdings in Kimberly-Clark by 34.1% in Q2, owning 319,445 shares valued at approximately $41.18 million.
• Recent research reports show a mixed outlook for Kimberly-Clark, with Citigroup lowering their price target from $118 to $113 and many firms adjusting ratings, resulting in a consensus rating of "Hold" with a target price of $137.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, leading to an annualized dividend of $5.04, representing a yield of 4.2%.

AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 34.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 319,445 shares of the company's stock after purchasing an additional 81,182 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.10% of Kimberly-Clark worth $41,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Research & Advisory Group Inc. acquired a new stake in shares of Kimberly-Clark during the second quarter worth $25,000. First Pacific Financial bought a new position in shares of Kimberly-Clark during the first quarter worth about $26,000. Financial Network Wealth Advisors LLC grew its position in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Elequin Capital LP bought a new position in shares of Kimberly-Clark during the first quarter worth about $36,000. Finally, Rossby Financial LCC bought a new position in shares of Kimberly-Clark during the first quarter worth about $37,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMB has been the subject of several recent research reports. Citigroup lowered their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research report on Thursday, October 9th. Barclays lowered their price target on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Evercore ISI lowered 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, September 22nd. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, UBS Group decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $137.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $120.17 on Wednesday. Kimberly-Clark Co. has a one year low of $118.18 and a one year high of $150.45. The company has a 50-day moving average of $127.62 and a two-hundred day moving average of $131.76. The stock has a market cap of $39.87 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS 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 during the quarter, compared to analysts' expectations of $4.85 billion. During the same period last year, the company posted $1.96 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) 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.

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