Polar Asset Management Partners Inc. Takes Position in Kimberly-Clark Corporation $KMB

Key Points

• Polar Asset Management Partners initiated a position in Kimberly-Clark, purchasing 38,602 shares valued at approximately $4.24 million. Institutional investors collectively own 76.29% of the company.
• Kimberly-Clark’s latest quarterly results fell short of expectations, with adjusted earnings of $1.80 per share versus the $2.01 consensus estimate and revenue of $4.19 billion.
• The company declared a quarterly dividend of $1.28 per share, equivalent to an annualized $5.12 dividend and a 4.6% yield. Analysts have a consensus “Hold” rating and an average price target of $117.93.

Polar Asset Management Partners Inc. bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,602 shares of the company's stock, valued at approximately $4,237,000.

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

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $111.02 on Wednesday. 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 business has a 50-day moving average price of $109.19 and a two-hundred day moving average price of $103.59. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $131.53. The company has a market cap of $36.92 billion, a P/E ratio of 18.88, a PEG ratio of 5.31 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business 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%.The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.42 EPS for the current year.

Kimberly-Clark Announces Dividend

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

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research reports. Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Wells Fargo & Company upped their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 8th. Piper Sandler reaffirmed an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday, August 19th. UBS Group lifted their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Barclays boosted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock 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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