TD Private Client Wealth LLC Raises Position in Kimberly-Clark Co. $KMB

Key Points

• TD Private Client Wealth LLC significantly increased its stake in Kimberly-Clark Co. by 4,463% during the second quarter, owning 15,651 shares valued at approximately $2.02 million.
• Kimberly-Clark's recent quarterly earnings beat expectations with $1.92 earnings per share, surpassing the consensus estimate of $1.67, although its revenue fell short at $4.16 billion.
• The company announced a quarterly dividend of $1.26 per share, scheduled to be paid on October 2nd, providing an annualized yield of 4.1%.

TD Private Client Wealth LLC lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 4,463.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,651 shares of the company's stock after buying an additional 15,308 shares during the quarter. TD Private Client Wealth LLC's holdings in Kimberly-Clark were worth $2,018,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of Kimberly-Clark during the first quarter worth $12,854,000. Elevate Capital Advisors LLC increased its stake in Kimberly-Clark by 46.4% during the 1st quarter. Elevate Capital Advisors LLC now owns 12,444 shares of the company's stock worth $1,770,000 after buying an additional 3,944 shares during the period. Citigroup Inc. lifted its holdings in Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company's stock worth $72,473,000 after buying an additional 236,733 shares in the last quarter. Unigestion Holding SA boosted its position in Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company's stock valued at $18,145,000 after buying an additional 9,643 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Down 1.8%

Shares of NYSE:KMB opened at $121.72 on Friday. The company's fifty day moving average is $129.42 and its two-hundred day moving average is $133.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 1-year low of $121.02 and a 1-year high of $150.45. The stock has a market capitalization of $40.38 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

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

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, September 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.1%. Kimberly-Clark's payout ratio is currently 69.42%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KMB shares. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $138.00 in a research note on Monday, August 4th. UBS Group decreased their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Piper Sandler began coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price target on the stock. Finally, Barclays raised their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and an average price target of $141.20.

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.

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