The Manufacturers Life Insurance Company Buys Shares of 275,825 Kimberly-Clark Corporation $KMB

The Manufacturers Life Insurance Company purchased a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 275,825 shares of the company's stock, valued at approximately $30,279,000. The Manufacturers Life Insurance Company owned 0.08% of Kimberly-Clark at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Van Hulzen Asset Management LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at approximately $316,000. Fiduciary Financial Advisors acquired a new position in Kimberly-Clark during the 2nd quarter worth $47,000. Manning & Napier Advisors LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth $688,000. L2 Asset Management LLC bought a new position in shares of Kimberly-Clark in the second quarter worth $573,000. Finally, Aberdeen Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at about $227,000. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

KMB has been the subject of several research analyst reports. Weiss Ratings raised shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. UBS Group upped their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Piper Sandler reiterated an "overweight" rating on shares of Kimberly-Clark in a report on Wednesday, August 19th. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Finally, Wells Fargo & Company upped their target price on Kimberly-Clark from $100.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $117.93.

Kimberly-Clark Stock Down 0.3%

NASDAQ KMB opened at $109.98 on Friday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $131.53. The company has a market capitalization of $36.58 billion, a P/E ratio of 18.70, a PEG ratio of 5.26 and a beta of 0.26. The company's 50 day simple moving average is $109.52 and its 200 day simple moving average is $103.67. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its 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 the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. Equities research analysts expect that Kimberly-Clark Corporation will post 7.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source