Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Holdings in Kimberly-Clark Corporation $KMB

Key Points

• Mitsubishi UFJ Asset Management acquired 864,144 Kimberly-Clark shares worth approximately $94.9 million, while other institutional investors also initiated positions. Institutions and hedge funds now own 76.29% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $117.93. Recent firms raised targets, while Seaport Research Partners upgraded the stock to “Buy.”
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, and revenue of $4.19 billion. The company declared a quarterly dividend of $1.28 per share, implying a 4.8% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 864,144 shares of the company's stock, valued at approximately $94,858,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Kimberly-Clark as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $304,000. OneDigital Investment Advisors LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at approximately $9,228,000. AMG National Trust Bank acquired a new position in shares of Kimberly-Clark during the second quarter valued at approximately $439,000. Simplicity Wealth LLC bought a new stake in Kimberly-Clark during the second quarter worth approximately $473,000. Finally, Wealth Effects LLC bought a new stake in Kimberly-Clark during the second quarter worth approximately $481,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research reports. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Barclays boosted their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Wells Fargo & Company raised their target price on Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 8th. Finally, Piper Sandler lifted their target price on Kimberly-Clark from $115.00 to $121.00 and gave the stock an "overweight" rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $117.93.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $107.72 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $35.83 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 5.25 and a beta of 0.26. The stock's fifty day simple moving average is $108.45 and its 200 day simple moving average is $103.25. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $136.17.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm earned $1.92 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is presently 87.07%.

Kimberly-Clark Profile

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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