Posted by admin on Aug 8th, 2022

AIA Group Ltd lifted its holdings in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 77.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 532 shares of the company’s stock after purchasing an additional 233 shares during the period. AIA Group Ltd’s holdings in Kimberly-Clark were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Kimberly-Clark by 28.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,683 shares of the company’s stock worth $955,000 after buying an additional 1,495 shares in the last quarter. Clarius Group LLC increased its stake in Kimberly-Clark by 4.1% during the 4th quarter. Clarius Group LLC now owns 2,791 shares of the company’s stock worth $399,000 after buying an additional 109 shares in the last quarter. Fisher Asset Management LLC increased its stake in Kimberly-Clark by 133.7% during the 4th quarter. Fisher Asset Management LLC now owns 84,928 shares of the company’s stock worth $12,138,000 after buying an additional 48,590 shares in the last quarter. Missouri Trust & Investment Co purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $48,000. Finally, Ignite Planners LLC purchased a new stake in Kimberly-Clark during the 4th quarter worth approximately $222,000. Hedge funds and other institutional investors own 74.32% of the company’s stock.

Several equities research analysts have commented on the company. Barclays cut their price objective on Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Wells Fargo & Company boosted their target price on Kimberly-Clark from $128.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, April 25th. Royal Bank of Canada boosted their target price on Kimberly-Clark from $122.00 to $124.00 and gave the stock a “sector perform” rating in a report on Monday, April 25th. Finally, UBS Group boosted their target price on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $131.14.

KMB opened at $133.38 on Monday. Kimberly-Clark Co. has a one year low of $117.32 and a one year high of $145.79. The stock has a market capitalization of $45.03 billion, a PE ratio of 25.21, a P/E/G ratio of 4.73 and a beta of 0.31. The business’s 50 day moving average price is $131.77 and its 200 day moving average price is $131.06. The company has a debt-to-equity ratio of 10.37, a quick ratio of 0.47 and a current ratio of 0.79.

Kimberly-Clark (NYSE:KMB – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Co. will post 5.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s payout ratio is 87.71%.

In other Kimberly-Clark news, CEO Michael D. Hsu sold 41,698 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $140.08, for a total value of $5,841,055.84. Following the sale, the chief executive officer now owns 89,593 shares of the company’s stock, valued at $12,550,187.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate insiders.

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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