Norinchukin Bank The Grows Stake in Kimberly-Clark Co. $KMB

Norinchukin Bank The grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 10.0% in the first quarter, Holdings Channel reports. The firm owned 12,938 shares of the company’s stock after purchasing an additional 1,176 shares during the period. Norinchukin Bank The’s holdings in Kimberly-Clark were worth $1,840,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KMB. First Pacific Financial bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $26,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $29,000. Elequin Capital LP bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $36,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $133.49 on Friday. The company has a market cap of $44.29 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33. The company has a 50-day moving average price of $130.43 and a 200-day moving average price of $135.14. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. The firm 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 quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 earnings per share. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 3.8%. Kimberly-Clark’s payout ratio is currently 69.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays lifted 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. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $125.00 to $138.00 in a report on Monday, August 4th. UBS Group dropped 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. Finally, 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 price target for the company. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.70.

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.