Kimberly-Clark Co. $KMB Shares Acquired by OFI Invest Asset Management

OFI Invest Asset Management grew its position in Kimberly-Clark Co. (NYSE:KMB) by 33.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 727 shares of the company’s stock after buying an additional 182 shares during the quarter. OFI Invest Asset Management’s holdings in Kimberly-Clark were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KMB. Pacer Advisors Inc. boosted its holdings in Kimberly-Clark by 2,982.8% in the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after purchasing an additional 1,339,413 shares during the period. Nuveen LLC purchased a new position in Kimberly-Clark in the first quarter valued at $106,458,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Kimberly-Clark by 270.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Kimberly-Clark by 41.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock valued at $334,406,000 after purchasing an additional 687,868 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after purchasing an additional 674,046 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.3%

Kimberly-Clark stock opened at $119.27 on Tuesday. Kimberly-Clark Co. has a fifty-two week low of $118.18 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market capitalization of $39.57 billion, a P/E ratio of 15.80, a PEG ratio of 4.46 and a beta of 0.30. The stock has a 50-day simple moving average of $127.90 and a 200-day simple moving average of $131.84.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s payout ratio is presently 69.42%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Evercore ISI decreased their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Barclays decreased their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Citigroup decreased their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Finally, Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $137.00.

About Kimberly-Clark

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.