Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Kimberly-Clark Co. by 0.9%, acquiring an additional 5,242 shares, bringing its total ownership to 595,579 shares valued at approximately $84.66 million.
• Several institutional investors have notably increased their stakes in Kimberly-Clark, with GAMMA Investing LLC boosting its position by 10,975.8% during the first quarter.
• Kimberly-Clark recently declared a quarterly dividend of $1.26 per share, reflecting an annualized dividend yield of 3.8% and a payout ratio of 69.42%.

Russell Investments Group Ltd. grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595,579 shares of the company's stock after buying an additional 5,242 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Kimberly-Clark worth $84,660,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KMB. First Pacific Financial purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at about $29,000. Rossby Financial LCC purchased a new stake in Kimberly-Clark in the first quarter valued at about $37,000. AlphaCore Capital LLC purchased a new stake in Kimberly-Clark in the first quarter valued at about $37,000. Finally, Menard Financial Group LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at about $38,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

KMB stock traded down $1.42 during trading on Thursday, hitting $133.39. 1,527,333 shares of the company traded hands, compared to its average volume of 2,332,728. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The stock's 50-day simple moving average is $130.43 and its 200 day simple moving average is $135.02. The company has a market cap of $44.26 billion, a PE ratio of 17.67, a P/E/G ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the company earned $1.96 earnings per share. Kimberly-Clark's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.8%. Kimberly-Clark's payout ratio is currently 69.42%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KMB shares. Barclays increased their price objective on Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank Of Canada reduced their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Piper Sandler began coverage on Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. Finally, Evercore ISI reduced their price objective on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $142.70.

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.