S&CO Inc. Invests $1.31 Million in Kimberly-Clark Corporation $KMB

Key Points

• S&CO Inc. purchased 11,914 Kimberly-Clark shares worth approximately $1.31 million in the second quarter. Institutional investors collectively own 76.29% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $117.93; recent quarterly earnings of $1.80 per share fell short of the $2.01 estimate.
• Kimberly-Clark declared a quarterly dividend of $1.28, equivalent to $5.12 annually and a 4.6% yield, with payment scheduled for October 2 to shareholders of record on September 4.

S&CO Inc. bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,914 shares of the company's stock, valued at approximately $1,307,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ally Financial Inc. purchased a new stake in Kimberly-Clark in the 4th quarter valued at $1,009,000. Westpac Banking Corp increased its stake in shares of Kimberly-Clark by 25.0% in the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company's stock worth $5,462,000 after acquiring an additional 10,811 shares during the last quarter. Oddo BHF Asset Management Sas raised its holdings in shares of Kimberly-Clark by 29.6% during the 4th quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company's stock worth $6,234,000 after acquiring an additional 14,115 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Kimberly-Clark during the 4th quarter worth $1,047,000. Finally, Vaughan David Investments LLC IL boosted its position in shares of Kimberly-Clark by 6.4% during the 4th quarter. Vaughan David Investments LLC IL now owns 299,642 shares of the company's stock valued at $30,231,000 after acquiring an additional 17,955 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a "neutral" 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. Barclays boosted their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Wells Fargo & Company increased 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 note on Wednesday, July 8th. Finally, TD Cowen raised their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $117.93.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $110.39 on Friday. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17. The business's fifty day simple moving average is $108.10 and its 200-day simple moving average is $103.13. The firm has a market cap of $36.71 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post 7.43 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. Shareholders of record on Friday, September 4th will be given 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 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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