Kimberly-Clark Co. $KMB Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Kimberly-Clark Co. by 14.2%, owning 358,575 shares after purchasing an additional 44,475 shares during the 2nd quarter.
• Kimberly-Clark reported a quarterly EPS of $1.92, exceeding the consensus estimate of $1.67, despite a 1.6% decline in revenue year-over-year.
• The company's recently declared quarterly dividend of $1.26 per share reflects a 4.1% yield and a payout ratio of 69.42%.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 358,575 shares of the company's stock after buying an additional 44,475 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Kimberly-Clark worth $46,227,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in Kimberly-Clark in the first quarter worth approximately $26,000. Financial Network Wealth Advisors LLC grew its position in 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 buying an additional 125 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark in the second quarter worth approximately $25,000. Elequin Capital LP acquired a new position in Kimberly-Clark in the first quarter worth approximately $36,000. Finally, AlphaCore Capital LLC purchased a new position in Kimberly-Clark during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $122.62 on Friday. The company has a market capitalization of $40.68 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a one year low of $121.02 and a one year high of $150.45. 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 company's fifty day moving average price is $128.95 and its 200 day moving average price is $132.84.

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. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. As a group, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $1.26 per share. 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 presently 69.42%.

Wall Street Analyst Weigh In

Several analysts have issued reports on KMB shares. Evercore ISI cut their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, September 22nd. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. UBS Group cut their target price 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. Piper Sandler cut their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Barclays cut their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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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