Kimberly-Clark Co. $KMB Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its holdings in Kimberly-Clark Co. by 6.2%, owning 49,248 shares valued at $7,004,000 as of their latest SEC filing.
• Kimberly-Clark reported a quarterly earnings per share of $1.92, exceeding analysts' expectations of $1.67, despite a year-over-year revenue decline of 1.6% to $4.16 billion.
• The company declared a quarterly dividend of $1.26 per share, yielding 3.9%, with the ex-dividend date set for September 5th.

Advisors Asset Management Inc. boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,248 shares of the company's stock after acquiring an additional 2,892 shares during the period. Advisors Asset Management Inc.'s holdings in Kimberly-Clark were worth $7,004,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KMB. Vanguard Group Inc. boosted its holdings in shares of Kimberly-Clark by 0.3% in the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company's stock valued at $5,011,188,000 after acquiring an additional 92,920 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 worth $1,601,968,000 after buying an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 worth $1,151,309,000 after purchasing an additional 566,152 shares during the last quarter. Invesco Ltd. lifted its position in shares of Kimberly-Clark by 3.1% in the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company's stock valued at $828,811,000 after acquiring an additional 173,915 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $128.00 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The business's 50-day simple moving average is $130.48 and its 200 day simple moving average is $135.00. The stock has a market cap of $42.47 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.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 previous year, the company posted $1.96 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KMB shares. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $138.00 in a research report on Monday, August 4th. Piper Sandler initiated coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. UBS Group cut their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Barclays raised their target price on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $142.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.