Meiji Yasuda Asset Management Co Ltd. bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 129,031 shares of the company's stock, valued at approximately $14,164,000.
A number of other large investors have also added to or reduced their stakes in KMB. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth approximately $27,000. Motiv8 Investments LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $31,000. Finally, Entrust Financial LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $32,000. Institutional investors own 76.29% of the company's stock.
Analyst Upgrades and Downgrades
KMB has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a research report on Wednesday. TD Cowen upped their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. UBS Group raised their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Finally, Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $117.93.
Check Out Our Latest Stock Report on Kimberly-Clark
Kimberly-Clark Price Performance
KMB opened at $109.31 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The company has a market cap of $36.35 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 5.20 and a beta of 0.26. The stock has a fifty day simple moving average of $108.89 and a two-hundred day simple moving average of $103.46. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $134.38.
Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Research analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark's payout ratio is presently 87.07%.
About Kimberly-Clark
(
Free Report)
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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