Public Sector Pension Investment Board Buys 3,639 Shares of Kimberly-Clark Co. $KMB

Key Points

• The Public Sector Pension Investment Board increased its holdings in Kimberly-Clark Co. by 8.8%, acquiring an additional 3,639 shares during the 1st quarter, bringing its total to 44,826 shares valued at approximately $6.37 million.
• Kimberly-Clark announced a quarterly dividend of $1.26 per share, which will be paid on October 2nd, resulting in an annualized yield of 3.8%.
0.3%, with current trading at $132.94 and an average price target of $142.70 set by analysts.

Public Sector Pension Investment Board lifted its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,826 shares of the company's stock after purchasing an additional 3,639 shares during the quarter. Public Sector Pension Investment Board's holdings in Kimberly-Clark were worth $6,375,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of KMB. GAMMA Investing LLC lifted its holdings in shares of Kimberly-Clark by 10,975.8% in the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after buying an additional 1,884,877 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after buying an additional 1,339,413 shares during the period. First Trust Advisors LP lifted its holdings in shares of Kimberly-Clark by 163.1% in the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock valued at $280,786,000 after buying an additional 1,328,341 shares during the period. Trinity Financial Advisors LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at $181,762,000. Finally, Nuveen LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at $106,458,000. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KMB. UBS Group reduced their target price on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Evercore ISI dropped their target price on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays upped their target price on Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Trading Down 1.2%

Shares of Kimberly-Clark stock traded down $1.61 during trading on Monday, reaching $131.33. 2,566,397 shares of the company were exchanged, compared to its average volume of 2,332,886. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The business has a 50-day moving average price of $130.39 and a 200-day moving average price of $135.12. The firm has a market capitalization of $43.57 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. Kimberly-Clark's payout ratio is 69.42%.

Kimberly-Clark Company Profile

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.