40,269 Shares in Kimberly-Clark Co. $KMB Bought by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC purchased 40,269 shares of Kimberly-Clark Co., valued at approximately $5.7 million, in the first quarter of the year.
• Kimberly-Clark's quarterly earnings exceeded expectations with an EPS of $1.92, although its revenue declined by 1.6% year-over-year to $4.16 billion.
• The company has announced a quarterly dividend of $1.26, representing an annual yield of 3.8%, with a payout ratio of 69.42%.

SCS Capital Management LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 40,269 shares of the company's stock, valued at approximately $5,729,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. GAMMA Investing LLC raised its holdings in shares of Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock worth $270,510,000 after purchasing an additional 1,884,877 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Kimberly-Clark by 2,982.8% during the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company's stock valued at $196,878,000 after acquiring an additional 1,339,413 shares during the period. Trinity Financial Advisors LLC acquired a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $181,762,000. Nuveen LLC acquired a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $106,458,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Kimberly-Clark by 270.2% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company's stock valued at $140,043,000 after acquiring an additional 718,720 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Down 1.1%

KMB stock traded down $1.48 during trading hours on Friday, hitting $127.99. The company's stock had a trading volume of 1,442,291 shares, compared to its average volume of 2,302,469. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $42.46 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The stock has a 50 day moving average price of $130.33 and a two-hundred day moving average price of $134.55.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. Kimberly-Clark's dividend payout ratio is currently 69.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. upgraded shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group lowered their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Barclays boosted their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Piper Sandler started coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $142.70.

About Kimberly-Clark

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.