OMERS ADMINISTRATION Corp Makes New $1.95 Million Investment in Kimberly-Clark Corporation $KMB

Key Points

• OMERS Administration Corp. acquired a new $1.95 million stake in Kimberly-Clark during the second quarter, purchasing 17,761 shares. Institutional investors collectively own 76.29% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $117.93. Kimberly-Clark recently missed quarterly earnings and revenue estimates, reporting $1.80 in EPS and $4.19 billion in revenue.
• Kimberly-Clark announced a quarterly dividend of $1.28 per share, equivalent to $5.12 annually and a 4.6% yield, though its payout ratio is relatively high at 87.07%.

OMERS ADMINISTRATION Corp bought a new stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,761 shares of the company's stock, valued at approximately $1,950,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark during the fourth quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 2nd quarter valued at about $27,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $27,000. Motiv8 Investments LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $31,000. Finally, Entrust Financial LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. TD Cowen boosted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. Finally, UBS Group lifted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $117.93.

Kimberly-Clark Stock Performance

Shares of KMB opened at $110.34 on Thursday. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $131.53. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a market capitalization of $36.70 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 5.29 and a beta of 0.26. The company's fifty day moving average price is $109.37 and its 200 day moving average price is $103.63.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.Kimberly-Clark's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. As a group, analysts expect that Kimberly-Clark Corporation will post 7.42 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. Kimberly-Clark's dividend payout ratio is presently 87.07%.

About Kimberly-Clark

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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