Northwestern Mutual Wealth Management Co. Makes New $6.24 Million Investment in Kimberly-Clark Corporation $KMB

Key Points

• Northwestern Mutual Wealth Management purchased 56,845 Kimberly-Clark shares worth approximately $6.24 million during the second quarter. Institutional investors collectively own 76.29% of KMB.
• Kimberly-Clark reported quarterly earnings of $1.80 per share, below the $2.01 analyst consensus, while revenue reached $4.19 billion and rose 0.6% year over year.
• The company declared a quarterly dividend of $1.28, equivalent to $5.12 annually and a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $117.93.

Northwestern Mutual Wealth Management Co. bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 56,845 shares of the company's stock, valued at approximately $6,240,000.

Several other large investors have also modified their holdings of KMB. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $27,000. Godfrey Financial Associates Inc. purchased a new position in Kimberly-Clark during the fourth quarter worth about $25,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark during the fourth quarter worth about $27,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Kimberly-Clark in the second quarter valued at about $32,000. Finally, Clearstead Trust LLC acquired a new stake in Kimberly-Clark in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Price Performance

KMB stock 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's 50-day moving average price is $108.89 and its 200 day moving average price is $103.46. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $134.38. The company has a market cap of $36.35 billion, a P/E ratio of 18.59, a P/E/G ratio of 5.20 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly 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). The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. On average, research analysts expect that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company 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 $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.07%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. UBS Group lifted their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Barclays upped their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Finally, Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $117.93.

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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