OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,470 shares of the company's stock, valued at approximately $3,894,000.
Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $3,547,915,000. Wellington Management Group LLP boosted its stake in shares of Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company's stock worth $743,399,000 after acquiring an additional 7,341,215 shares during the last quarter. Norges Bank purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $521,184,000. Bank of New York Mellon Corp acquired a new position in Kimberly-Clark in the 2nd quarter valued at $239,612,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Kimberly-Clark in the 2nd quarter valued at $188,902,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Kimberly-Clark Trading Down 1.1%
KMB opened at $108.69 on Friday. The stock has a market capitalization of $36.15 billion, a PE ratio of 18.48, a P/E/G ratio of 5.23 and a beta of 0.26. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $134.38. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The business's 50 day moving average price is $108.75 and its 200 day moving average price is $103.39.
Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the business earned $1.92 EPS. Kimberly-Clark's revenue was up .6% compared to the same quarter last year. As a group, equities research analysts expect that Kimberly-Clark Corporation will post 7.43 EPS for the current year.
Kimberly-Clark Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's payout ratio is 87.07%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. UBS Group increased their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. Barclays upped their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Kimberly-Clark in a research note 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. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $117.93.
Get Our Latest Analysis on Kimberly-Clark
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Kimberly-Clark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kimberly-Clark wasn't on the list.
While Kimberly-Clark currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
