AG2R LA Mondiale Gestion D Actifs Purchases 414 Shares of Kimberly-Clark Co. $KMB

AG2R LA Mondiale Gestion D Actifs grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,946 shares of the company’s stock after acquiring an additional 414 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Kimberly-Clark were worth $1,669,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of KMB. Pacer Advisors Inc. increased its position in shares of Kimberly-Clark by 2,982.8% during the 1st 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 last quarter. Nuveen LLC bought a new position in shares of Kimberly-Clark during the 1st quarter valued at about $106,458,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Kimberly-Clark by 270.2% during the 1st 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 last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at about $91,185,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Kimberly-Clark by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock valued at $334,406,000 after buying an additional 687,868 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.1%

NYSE KMB opened at $118.93 on Friday. 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 $39.46 billion, a PE ratio of 15.75, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a 1 year low of $117.49 and a 1 year high of $150.45. The business’s 50-day moving average is $125.24 and its 200 day moving average is $130.70.

Kimberly-Clark (NYSE:KMB) last posted its earnings results 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 company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KMB shares. Piper Sandler reduced their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Barclays reduced their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Citigroup reduced their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research note on Thursday, October 9th. Finally, Evercore ISI reduced their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $137.00.

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.