Kimberly-Clark Co. $KMB Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Kimberly-Clark Co. by 22.3%, owning 54,691 shares worth approximately $7.05 million as of the latest reporting period.
• Several hedge funds significantly boosted their holdings in Kimberly-Clark during the first quarter, with OVERSEA CHINESE BANKING Corp Ltd increasing its stake by 270.2%.
• Analysts have revised their price targets for Kimberly-Clark downward, with Barclays setting a new price objective of $131.00 and Citigroup at $113.00, reflecting a cautious outlook on the stock.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 22.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,691 shares of the company's stock after buying an additional 9,965 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Kimberly-Clark were worth $7,051,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KMB. Strs Ohio acquired a new stake in shares of Kimberly-Clark during the first quarter valued at $12,854,000. Elevate Capital Advisors LLC boosted its stake in shares of Kimberly-Clark by 46.4% during the first quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock valued at $1,770,000 after acquiring an additional 3,944 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Kimberly-Clark by 86.8% during the first quarter. Citigroup Inc. now owns 509,585 shares of the company's stock valued at $72,473,000 after acquiring an additional 236,733 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after acquiring an additional 718,720 shares during the last quarter. Finally, United Community Bank boosted its stake in shares of Kimberly-Clark by 340.0% during the first quarter. United Community Bank now owns 18,518 shares of the company's stock valued at $2,634,000 after acquiring an additional 14,309 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays decreased their price objective on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 1st. Citigroup decreased their price objective on Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $144.00 to $127.00 and set a "neutral" rating on the stock in a research note on Friday. Piper Sandler decreased their price target on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, October 2nd. Finally, Evercore ISI lowered their price target on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $137.00.

Kimberly-Clark Stock Up 0.0%

KMB opened at $119.57 on Monday. 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 stock has a market capitalization of $39.67 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The business has a 50-day moving average of $128.18 and a two-hundred day moving average of $131.99. Kimberly-Clark Co. has a 12 month low of $119.36 and a 12 month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 5th. Kimberly-Clark's dividend payout ratio (DPR) is 69.42%.

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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