Wellington Management Group LLP Increases Stake in Kimberly-Clark Co. $KMB

Key Points

• Wellington Management Group LLP increased its holdings in Kimberly-Clark Co. by 7.1%, purchasing an additional 2,065 shares, bringing its total to 30,949 shares worth $4,402,000.
• Multiple institutional investors significantly raised their stakes in Kimberly-Clark during the first quarter, with GAMMA Investing LLC increasing its stake by an astonishing 10,975.8%, now owning 1,902,050 shares valued at $270.51 million.
• Kimberly-Clark recently announced a quarterly dividend of $1.26, resulting in an annualized dividend of $5.04 and a yield of 3.9%, with a payout ratio of 69.42%.

Wellington Management Group LLP boosted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,949 shares of the company's stock after acquiring an additional 2,065 shares during the quarter. Wellington Management Group LLP's holdings in Kimberly-Clark were worth $4,402,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after buying an additional 2,765 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $2,023,000. Mercer Global Advisors Inc. ADV raised its stake in Kimberly-Clark by 14.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 110,684 shares of the company's stock valued at $14,504,000 after purchasing an additional 13,820 shares during the last quarter. South Plains Financial Inc. purchased a new position in Kimberly-Clark in the 4th quarter valued at $87,000. Finally, DoubleLine ETF Adviser LP boosted its stake in Kimberly-Clark by 2.3% during the 4th quarter. DoubleLine ETF Adviser LP now owns 18,992 shares of the company's stock worth $2,489,000 after purchasing an additional 436 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KMB shares. Barclays increased their target price 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. UBS Group cut their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Piper Sandler assumed coverage on shares of Kimberly-Clark in a research note on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and upped their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $142.70.

Kimberly-Clark Trading Up 0.9%

Shares of KMB stock traded up $1.17 during trading hours on Thursday, hitting $129.17. The company had a trading volume of 1,993,331 shares, compared to its average volume of 2,307,606. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $42.86 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32. The company's fifty day moving average is $130.53 and its 200 day moving average is $134.98. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $1.96 earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. Research 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.04 annualized dividend and a yield of 3.9%. Kimberly-Clark's dividend payout ratio is presently 69.42%.

Kimberly-Clark 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.