Nuveen LLC Purchases New Position in Kimberly-Clark Co. (NYSE:KMB)

Key Points

• Nuveen LLC has acquired a new position in Kimberly-Clark Co., purchasing approximately 748,543 shares valued at $106.5 million, representing about 0.23% of the company.
• Analysts have varied ratings for Kimberly-Clark, with an average consensus of "Hold" and a price target of $142.70, following recent upgrades and downgrades from several firms.
• Kimberly-Clark recently announced a quarterly dividend of $1.26 per share, yielding 3.8% annually, with a payout ratio of 69.42%.

Nuveen LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 748,543 shares of the company's stock, valued at approximately $106,458,000. Nuveen LLC owned about 0.23% of Kimberly-Clark as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cooper Financial Group grew its stake in Kimberly-Clark by 12.0% in the 1st quarter. Cooper Financial Group now owns 1,735 shares of the company's stock valued at $247,000 after buying an additional 186 shares during the last quarter. Entropy Technologies LP boosted its holdings in Kimberly-Clark by 1,368.7% in the 1st quarter. Entropy Technologies LP now owns 33,032 shares of the company's stock valued at $4,698,000 after purchasing an additional 30,783 shares during the period. Invesco Ltd. boosted its holdings in Kimberly-Clark by 3.1% in the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company's stock valued at $828,811,000 after purchasing an additional 173,915 shares during the period. Pandora Wealth Inc. bought a new stake in Kimberly-Clark in the 1st quarter valued at about $57,000. Finally, Fiduciary Family Office LLC bought a new stake in Kimberly-Clark in the 1st quarter valued at about $558,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KMB shares. Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $138.00 in a report on Monday, August 4th. Evercore ISI cut their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Barclays boosted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada cut their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $142.70.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $133.64 on Wednesday. The company has a 50 day moving average of $130.54 and a 200-day moving average of $135.01. The company has a market cap of $44.34 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 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 Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's dividend payout ratio is currently 69.42%.

About Kimberly-Clark

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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