Royal Bank of Canada Acquires 29,453 Shares of Kimberly-Clark Co. $KMB

Royal Bank of Canada boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,460,069 shares of the company’s stock after purchasing an additional 29,453 shares during the period. Royal Bank of Canada’s holdings in Kimberly-Clark were worth $492,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial bought a new position in Kimberly-Clark during the first quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC raised its position in shares of Kimberly-Clark by 176.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $29,000. Elequin Capital LP bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $36,000. Finally, Rossby Financial LCC bought a new position in shares of Kimberly-Clark in the first quarter valued at approximately $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.3%

Shares of Kimberly-Clark stock opened at $129.14 on Monday. The company’s fifty day simple moving average is $130.53 and its 200-day simple moving average is $135.12. The company has a market cap of $42.85 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 4.46 and a beta of 0.32. 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 1 year low of $124.10 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.25. The business had revenue of $4.16 billion for 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%. Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.96 earnings per share. As a group, sell-side analysts expect 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. Stockholders of record on Friday, September 5th will be paid a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.9%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 69.42%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent analyst reports. Barclays lifted their price target 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. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $125.00 to $138.00 in a research report on Monday, August 4th. UBS Group dropped their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Finally, Piper Sandler initiated coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an “overweight” rating and a $144.00 price target on the stock. 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 company has a consensus rating of “Hold” and an average price target 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.